【SMM Steel】Fives secures contract for JSW Steel's electrical steel expansion in India

Published: Jun 8, 2026 18:08

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【SMM Steel】Fives Group has signed a major contract with JSW Steel's Vijayanagar Works for a new electrical steel project in Toranagallu Karnataka. The project includes three processing lines for non-grain-oriented electrical steel: one annealing and pickling line with 600000 tonnes per year capacity and two annealing and coating lines each with 270000 tonnes per year capacity. The contract was awarded through a consortium with Belgium's John Cockerill. Under the agreement Fives will design and supply annealing furnaces for all three lines supporting production for electric vehicles and industrial motors. The consortium order is valued at approximately 1.25-1.3 billion USD.

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