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.”