Proterial India to build facility to produce amorphous electrical steel for first time in India
Release Date:
2026-02-28
Proterial India, a subsidiary of Japan's Proterial Private Limited, has announced an investment of $148.46 million to produce
amorphous electrical steel for the first time in India, industry sources said on Thursday, February 26.The project to be implemented in the southern state of Andhra Pradesh will be built under the governmen's production-linkedincentive (PL) scheme and wll be entitled to fiscal incentives for creating additional special steel capacities, as per the norms of
the scheme, the sources said.
According to industy sources, amorphous steel offers advantages over conventional silicon steel used in electrical transformers asit cuts losses by about 30 percent and improves overall energy efficiencies
India is highly dependent on electrical grade steel imports, while it has a total market estimated at around $2-3 billion and projectedto grow to $4 billion by 2030.
From: Steel Orbis
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