Landmark electrical steel contract for Fives in India

Fives Group has signed a landmark contract with JSW Steel, marking a significant step in reinforcing its presence in India's growing electrical steel sector.

JSW Steel, the largest private-sector steel producer in India, is expanding into electrical steel production to support India's industrial development agenda, which aims to double steel production capacity by 2030.

The project will be executed at JSW Steel's Vijayanagar Works in Toranagallu and includes the design and construction of three processing lines dedicated to the production of non-grain-oriented (NGO) electrical steel grades, used for electric vehicles and electrical motors in general:

• One Annealing and Pickling Line (APL) with an annual capacity of 600,000 metric tonnes
• Two Annealing and Coating Lines (ACLs), each with an annual capacity of 270,000 metric tonnes

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