SAIL and SMS group signed an MoU to drive developments focused on implementing long-term sustainable steelmaking practices, with a particular emphasis on decarbonizing steel production.
SAIL (Steel Authority of India Limited), a Maharatna PSU and SMS group, signed a memorandum of understanding at SAIL’s Management Training Institute (MTI) at Ranchi, Jharkhand on August 3, 2023 to work together on sustainable steel production and decarbonization efforts. The MoU signifies their commitment to drive developments focused on implementing long-term sustainable steelmaking practices, with a particular emphasis on decarbonizing steel production in SAIL’s integrated steel plants across India.
This partnership aims at addressing the challenges of reducing carbon emissions and making the steel industry more environmentally friendly. In this respect, SMS will provide its technological expertise for design and engineering activities, equipment supplies, and technical assistance for erection and commissioning projects at SAIL’s facilities across India. This objective aligns with India’s ambitious goal of achieving net zero emissions from industrial processes such as steel production by 2070.