L&T Inks Tech­nol­ogy Trans­fer Pact with Ja­pan Steel Works

The Economic Times - - Companies - PTI

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 the In­dian in­dus­try’s ca­pa­bil­ity to pro­duce equip­ment for core sec­tors, it said.

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