Indian Economy News

L&T, Japan Steel in tech transfer deal

Mumbai: L&T Special Steels and Heavy Forgings, a subsidiary of L&T, has entered into a technology transfer agreement with Japan Steel Works, a world leader in heavy steel forgings. L&T Special Steels supplies critical heavy stainless steel and alloy steel forgings for high-pressure reactors and heat exchangers, as well as rotors, shafts, forged slabs and special steels.

The five-year agreement covers transfer of critical technology for steel-melting and heavy forgings made from ingots weighing up to 200 tonnes, and for the hydrocarbon and thermal powersectors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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