The SMS Group and SAIL (Steel Authority of India Limited), a subsidiary of Maharatna PSU, have drawn up a Memorandum of Understanding to work together to decarbonize and produce sustainable steel.
The MoU aims to commit to a long-term sustainable steel industry, with a special focus on decarbonizing steel production at SAIL’s integrated steel mills across India.
The partnership also aims to address the challenges of reducing carbon emissions and making the steel industry more environmentally friendly. In this regard, SMS Group will provide its technology expertise for design and engineering activities, equipment supply, technical assistance for construction and commissioning of projects at SAIL facilities across India.
The MoU was signed at SAIL Management Training Institute (MTI) in Ranchi – Jharkhand, which is an important event that marks a milestone in the collaboration between SMS Group and SAIL and is a positive step towards promoting innovation and sustainability in the steel sector, and highlights the commitment of both organizations to contribute In environmental and economic goals of India.
“We are very proud to collaborate with one of the public sector organizations responsible for steel production in India, and look forward to future collaborations,” said Mr. Marco Asquini, Chief Executive Officer, Asia Pacific and Middle East and Africa Region of SMS Group. “This is a significant achievement in decarbonising the Indian steel industry and is completely in line with our #turningmetalsgreen mission.”
Shri Soumya Tukdar, General Manager of Sail’s Bhilai Steel Plant, said: “SAIL is actively looking for solutions to facilitate the transition to green steel production, thus contributing to a sustainable future. We are pleased to reaffirm our partnership with the SMS Group and intend to take this association forward through deeper collaboration to find better technologies and processes to reduce our carbon footprint in a meaningful and consistent way.”