Baogang Group has reached a cooperation agreement with Jindal Steel and Power Ltd (JSPL) on providing technical services for JSPL, reports Baotou Daily.

The agreement is designed to support the Belt and Road Initiative and is expected to increase production and improve product quality.

Baogang Group, or Baotou Iron and Steel Group, is an iron and steel State-owned company based in Baotou, Inner Mongolia autonomous region. It is the largest steel business based in the autonomous region, and one of the oldest iron and steel industrial bases in China, with a large production base of iron and steel, and the largest scientific research and production base of rare earth metals in China.

Baogang Group has been well-received in the Indian market for their high quality products and flexible service.

JSPL is a steel and energy company, based in New Delhi, India. Backed by the $18 billion diversified Jindal Group conglomerate, JSPL is the third largest steel producer in India. The company produces steel and power through backward integration from its own captive coal and iron-ore mines.