CRGO

JSW-JFE joint venture completes acquisition of tkES India for over Rs.4,000 crore

Jsquare Electrical Steel Nashik Pvt Ltd has completed the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India). According to a release issued by JSW Steel, Jsquare Electrical Steel Nashik Pvt Ltd completed the acquisition of 100 per Read more

TARIL acquires controlling stake in Posco-Poggenamp Electrical Steel

Transformers & Rectifiers (India) Ltd has acquired controlling stake in Posco-Poggenamp Electrical Steel Pvt Ltd (PPESPL), marking an important step towards achieving complete backward integration. In a stock exchange communication, TARIL said that it has acquired 137.70 lakh Read more

CRGO

CCI approves acquisition of thyssenkrupp India by JSW-JFE joint venture

In a very recent order, the Competition Commission of India (CCI) has approved the acquisition of thyssekrupp Electrical Steel India Pvt Ltd (thyssenkrupp India) by Jsquare Electrical Steel Nashik Pvt Ltd (JSquare). A newly-incorporated company JSquare Read more

CRGO Steel | T&D India

JSW-JFE to acquire thyssenkrupp Electrical Steel India

JSW JFE Electrical Steel Pvt Ltd has entered into a formal agreement to fully acquire thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) in a deal worth Rs.4,051 crore. This acquisition will help realize the earlier-announced plans of JSW-JFE Read more

Transformers & Rectifiers (India) plans complete backward integration

Transformers & Rectifiers (India) Ltd is planning complete backward integration with a view to shortening its production cycle. Addressing an earnings conference recently, Jitendra Mamtora, Chairman, TARIL, said that the full backward integration is targeted to be achieved Read more

IEEMA launches “Industry Conclave 2024” to drive industry transformation

The Indian Electrical & Electronics Manufacturers' Association (IEEMA) hosted the inaugural edition of IEEMA Industry Conclave on August 23, 2024, in Delhi. This exclusive platform brought together industry leaders, government officials, policymakers, and stakeholders to discuss the role Read more

Voltamp expects to complete new transformer facility by mid-2026

Voltamp Transformers Ltd expects to complete construction on its new transformer manufacturing facility by around July 2026. In a release announcing the company’s performance for Q1FY25, Voltamp Transformers said that it has identified land near Vadodara in Gujarat, for Read more

JSW formalizes JV with JFE for grain-oriented electrical steel

    JSW Steel has formed an equal joint venture with JFE of Japan for manufacturing electrical steel in India. In a media release, JSW Steel Ltd said that the new joint venture to be named “JSW JFE Electricals Steel Pvt Read more

CRGO Steel | T&D India

New mission “MAHIR” to leverage emerging technologies in power sector

  Ministry of Power and the Ministry of New and Renewable Energy have jointly launched a National Mission to quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India. The Read more

CRGO steel is critical to India’s de-carbonization goals: Thyssenkrupp Electrical Steel

ThyssenKrupp Electrical Steel India Pvt Ltd  (TKES India) occupies a special position in India’s electrical equipment Read more