L&T inks tech transfer pact with Japan Steel Works (US)

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Larsen & toubro

L&T Special Steels and Heavy Forgings (LTSSHF) has entered into a technology transfer agreement with The Japan Steel Works, Ltd. (JSW) – an acknowledged world leader in the field of heavy steel forgings. The five year agreement covers transfer of critical technology for steel melting & heavy forgings made from ingots weighing  up to 200 MT, for hydrocarbon, thermal power, steel & cement sectors. LTSSHF is a subsidiary of M/s Larsen & Toubro (L&T).  It supplies critical heavy stainless steel & alloy steel forgings for high pressure reactors & heat exchangers, as well as rotors, shafts, forged slabs and special steels. Direct access to L&T’s jetties at Hazira facilitates exports across the globe.  Indigenous manufacture of critical heavy forgings will close a vital gap in Indian industry’s capability to produce equipment for Core sectors. The new technology collaboration supports L&T’s commitment to remain at the forefront of manufacturing technology across key sectors. Over the years, L&T has introduced several new products & processes which have helped India make a mark on the global heavy industry landscape.

Larsen & Toubro (L&T) has inked a pact with Japan Steel Works for transfer of critical technology for steel melting and heavy forgings. “L&T Special Steels and Heavy Forgings (LTSSHF) has entered into a technology transfer agreement with Japan Steel Works (JSW)… The five year agreement covers transfer of critical technology for steel melting and heavy forgings made from ingots weighing up to 200 MT, for hydrocarbon, thermal power, steel and cement sectors,” the company said in a statement.
Direct access to L&T’s jetties at Hazira facilitates exports across the globe and indigenous manufacture of critical heavy forgings will close a vital gap in Indian industry’s capability to produce equipment for core sectors, it said. LTSSHF is a subsidiary of L&T, supplying critical heavy stainless steel and alloy steel forgings for high pressure reactors and heat exchangers as well as special steels. JSW is a manufacturer of heavy forgings for power plants, steel and other sectors. Larsen & Toubro’s shares closed at Rs 1,565.50 per scrip, up 1.38% from the previous close on BSE.

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