Larsen & Toubro (L&T), India signed a joint venture agreement with the Nuclear Power Corporation (NPCIL) to set up a company in Gujarat for the production of special steel and ultra-heavy forgings. The facility will manufacture critical components for the power industry.
The facility will have a dedicated steel melt shop producing ingots weighing up to 600 MT each and a heavy forge shop equipped with a forging press. The JV will supply finished forgings for nuclear reactors, pressurisers and steam generators, in addition to heavy forgings for critical equipment in the hydrocarbon sector, as well as for thermal power plants. Direct access to a water front at Hazira will facilitate multi-modal transportation and exports.
The plant will start production from April 2011. There are plans to start exporting from 2013.
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