Quick Answer India needs approximately 400,000 metric tonnes of CRGO steel annually. Domestic production meets roughly 10–12%. The gap is bridged by imports — imports that are constrained by a certification system that has repeatedly created supply crises. As of May 2026, the domestic production gap will not close meaningfully until FY2028 at the earliest. Every transformer built in India until then depends on a supply chain that is structurally fragile. Table of Contents 1.

JSW and JFE will equally contribute ₹1,966 crore in equity. (Photo/Reuters) JSW Steel Ltd and Japan’s JFE Steel Corporation have announced a joint investment of ₹5,845 crore (approximately $669 million) to expand the production capacity of cold rolled grain-oriented (CRGO) electrical steel in India. The investment aims to meet the rapidly growing domestic demand for energy-efficient electrical steel used in transformers, power generation equipment, and other high-efficiency e