Japan's Kobe Steel and India's Essar Steel have begun talks for setting up a steel plant in India. The two companies already have a technology-sharing pact.
Though Essar MD & CEO, Dilip Oommen confirmed the discussions, he declined to provide any details.
Essar has been producing advanced high-strength steel sheets for the automotive sector with technology inputs from Kobe since December 2010. The new plant the two are reported to be considering will have a continuous annealing line and a continuous galvanising line to produce steel for the auto industry.
Kobe will also set up a steel plant with SAIL at Durgapur in West Bengal using its exclusive ITmk3 technology to produce 500,000 tonnes of steel nuggets. The plant is expected to start operations in 2015.
Other Japanese-Indian collaborations in the sector include JFE’s purchase of a 15% stake in JSW and tie ups to manufacture auto-grade steel as well as set up a cold-rolling mill at its Vijayanagar plant with JFE’s technical help; a Tata Steel – Nippon Steel JV to produce auto-grade steel with an investment of Rs 1,800 crore to set up a 600,000-tonne cold-rolled steel line which is scheduled to start in 2013; and a a technological tie-up with Sumitomo Metals for Bhushan Steel’s plant in Odisha.
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