New Delhi, May 9 -- India is grappling with an acute shortage of cold rolled grain-oriented (CRGO) steel, a crucial material used in the production of distribution and power transformers that are essential components of the country's power grid infrastructure.
This critical material faces a shortage is created because of mandatory requirement of BIS standard and absence of any domestic manufacturing capacity until the year 2027.
The crunch in CRGO steel supply has been exacerbated by the non-renewal or expiration of export licenses granted by the Bureau of Indian Standards (BIS) to major exporters from China.
As a result, several Chinese manufacturers have been forced to halt exports to the Indian market, significantly compromising th...