Thyssenkrupp in talks to boost steel output capacity in India

ThyssenKrupp Electrical Steel India Pvt Ltd

Thyssenkrupp company’s ThyssenKrupp Electrical Steel India Pvt Ltd is a Cold Rolled Electrical Steel manufacturer in India currently,  is in talks to boost steel output capacity with the Indian Government to explore possibilities for expanding its production capacity. It has plans to increase capacity to 65,000 tonnes through technology interventions that would require investments of a couple of million euros. Meanwhile,  the company has an annual capacity to produce 50,000 tonnes of electrical steel per annum, which is a small percentage of the country’s requirement. India imports about 400,000 tonnes of electrical steel. As per reports, the government on capacity expansion, wants changes to be brought in for the company to take an informed decision. “India is probably one of the only countries globally where there is no safeguard protection for electrical steel producers. Since there is no protection, we keep discussing with various authorities about the need to do something to make “Make in India ” initiative successful. These are just some of the challenges that we have in the near future to make a really good business case,” said Joydeep Bhattacharjee, Managing Director of Thyssenkrupp Electric Steel India. 

You cannot copy content of this page