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CMI to supply a Continuous Annealing Line to JSW India

Posted On: 2019-03-18 13:20:04

The Indian steel company, JSW Steel Ltd. is one of India's leading integrated steel manufacturers, and part of JSW Group. The company has presence in over 100 countries across five continents through exports of its steel products. Its wholly owned Indian subsidiary, JSW Steel Coated Products Ltd. has placed an order with CMI Industry Metals, for the supply of a continuous annealing line (CAL) to be erected at its Vasind Works. This new line will produce 0.5 Million Tons/Year of Annealed Steel.

The new high-quality line is to help JSW to improve its competitive position and to capture additional market share, in a growing domestic high end steel market. With this order JSW underlines its commitment to enhance its share of high value added steel products dedicated for the construction industry.

The supply scope includes all essential components of the annealing line designed by CMI, such as the two pay-off reels, a roller-seam welding machine, vertical multistage cleaning section, vertical entry accumulator, low-energy all radiant tube fire annealing section (incl. CMI's patented Blowstab® cooling system), intermediate accumulator, 6 Hi SPM, exit accumulator and inspection stand, rotary shear and two tension reels.

The line is designed for strips in the thickness range between 0.25 mm to 1.5 mm and widths of up to 1570 mm. It is to produce a wide variety of grades, including C.Q, HSLA-440, DQ, NOSP, and HSLA-590. The process runs continuously at 300m/min, while the entry and exit sections reach 450m/min and 500m/min respectively.

Decisive factors for choosing CMI for this project are the CMI's extensive experience in designing and building continuous strip processing lines, and the state-of-the-art annealing technology for consistent quality and highest plant availability.

The CAL is scheduled to start operation by the beginning of 2021.

Shares of CMI FPE LTD. was last trading in BSE at Rs.1340 as compared to the previous close of Rs. 1330.1. The total number of shares traded during the day was 1427 in over 74 trades.

The stock hit an intraday high of Rs. 1359 and intraday low of 1317. The net turnover during the day was Rs. 1922424.


Source: Equity Bulls

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