Steel Authority of India and John Cockerill India will jointly invest around INR 6,000 crore on setting up a downstream plant for steel that will produce cold-rolled grain-oriented and cold-rolled non-oriented types of electrical steel. The project is expected to come on-board between 2027 and 2029.
Jan 13, 2024
Steel Authority of India and John Cockerill India will jointly invest around INR 6,000 crore on setting up a downstream plant for steel.
As per a media report, the plant will be used for the production of cold-rolled grain-oriented and cold-rolled non-oriented types of electrical steel.
The hot-rolled coils (HRCs) will be supplied from SAIL, while the downstream unit itself is likely to be set up at one of SAIL’s existing plants, the report said.
While a final call on where the plant will be set up is yet to be made, the project is expected to come on-board between 2027 and 2029.
Also Read: SAIL Supplies 45,000 Tonnes Steel for Mahakumbh Mela 2025
Earlier, in November 2024, SAIL had signed a memorandum of understanding with John Cockerill India for green steel technologies and innovation, with a focus on carbon steel, green steel and silicon steel.
