Mumbai, June 17 -- The collaboration aims to explore opportunities related to the manufacture, supply, distribution and promotion of products and trade products while establishing a reliable long-term supply chain.

Under the arrangement, ATSAL proposes to manufacture products in India with technical support from Toyo Denka, while the JFE Shoji entities will coordinate commercial distribution and supply-chain activities. The parties will also explore long-term business opportunities and market development initiatives.

The MoU will remain in force for an initial term of one year and will be automatically renewed for successive one-year terms unless terminated in accordance with its terms. The company said that neither its promoters nor pr...