Feedback
HomeCompanyProjects InfoSubscribe NowAdvertiseContact UsPartner's
Click here to view Railway Budget Highlights
Events
       
China Steel to set up unit in Bharuch
Monday, September 05, 2011


The $8-billion China Steel Corporation (CSC) along with its co-investors, will invest $178 million in a new plant to produce electrical steels in Bharuch district of Gujarat. It will be the second largest Taiwanese investment in India.


It is learnt that China Steel's project will start in September and is scheduled for starting test run in October 2013. The production line will annually produce 200 thousand tonne of non-grain oriented electrical steels.

Incidentally, the investment of China Steel also coincides with the Gujarat government's plan to establish a Taiwan Technology Park to accommodate investments from Taiwan. With an annual capacity (crude steel) of nearly 10 million tonnes, China steel produces a range of products, including hot and cold rolled coils, coated coils, rods and bars. China Steel will invest $66.58 million and the rest will come from co-investors. To grab the opportunity of high growth of demand in India for electrical steels, as well as to enter the markets in West Asia, Europe and North Africa via India, the company would co-invest with international strategic partners to building an 'annealing-and-coating' line to produce electrical steel coils at Bharuch. The State will soon send an investment delegation to that country.

China Steel Corporation, Bharuch, Plant, Steel, North Africa, Europe, Asia, Taiwan
Previous News
PREVIOUS STORY     NEXT STORY
Government to invite bids for 350 MW solar projects

    Hong Kong has significant PPP in infra development: Chetan Bhagat

Next News
Most Read
RLDA invites tenders to construct Multi-Funct...
Gulbarga cement plant establishes new paradig...
Bunge to expand in India with its edible oil ...
TBEA to invest Rs 500 cr in renewable energy
Work begins on Chennai flyover
Race against time in serene Kerala
 More..
Top News
Infra Push: Rs 1.25 Lakh Crore
Project OVE: Arups 170-meter-tall BIM man
PMI improves organisational success
Grewater recycles 100,000 ltr of wastewater p...
Ailing road sector gets FM push
Budget gives boost to real estate
 More..



Add Your Comment
Name:  
Email:      
Comments:
 
Verification Code:  Refresh




| Railway Budget 2012-13 | Union Budget 2012-13 |