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SMS group and Steel Authority of India Limited (SAIL) join forces to decarbonize steel production in India

(PresseBox) (Düsseldorf, )
 
  • SMS group and SAIL have signed a memorandum of understanding (MoU) for developing processes to decarbonize steel production in SAIL’s plants
  • This objective aligns with India’s ambitious goal of achieving net zero emissions from industrial processes such as steel production by 2070
SMS group and SAIL (Steel Authority of India Limited), a Maharatna PSU, have drawn up a memorandum of understanding 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. 

The signing of the MoU took place at SAIL’s Management Training Institute (MTI) at Ranchi, Jharkhand on August 3, 2023, a significant event that marks a milestone in the collaboration between SMS group and SAIL. It is a positive step towards fostering innovation and sustainability in the steel sector, and it highlights the commitment of both organizations to contribute to India's environmental and economic goals.

“We are very proud to team up with a public sector enterprise responsible for steel production in India, and we look forward to collaborating in future,” said Mr. Marco Asquini, CEO, APAC & MEA Region of SMS group. “This is a significant milestone for the decarbonization of the Indian steel industry and aligns perfectly with our mission #turningmetalsgreen”.

Shri Saumya Tokdar, CGM of SAIL’s Bhilai Steel Plant, said: “SAIL is actively looking for solutions to facilitate the transition to green steel production, and thus contribute to a sustainable future. We are delighted to reaffirm our partnership with SMS group and intend to take this association ahead with a deeper collaboration to access better technologies and processes to reduce our carbon footprint in a meaningful and consistent way.”

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SMS group GmbH

SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes – even beyond its core business – and generates worldwide sales of around 3.1 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company’s stated goal. As a global player with German roots, SMS takes responsibility for its 14,400 employees.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.