Poggenamp Nagarsheth Powertronics Ltd had set up a manufacturing facility in Vavdi in Kheda in Gujarat in joint venture with Posco to produce transformer laminate . The project cost is estimated at Rs. 720 million. Posco will supply cold rolled non grain oriented (CRNGO) required for manufacturing transformer laminate as the same is in short supply in India. The product will also be exported abroad in Middle East and Europe.