SMS group and the Indian government-owned company Steel Authority of India Limited (SAIL) have concluded a memorandum of understanding in which they declare their intention to cooperate to achieve sustainable, decarbonised steel production in India. Both companies thereby call attention to their commitment to forcing developments focussing on the implementation of long-term sustainable methods of steel production. The main focus is on decarbonising the steel production in the integrated steel works operated by SAIL in all of India.
The goal of this partnership is to face the challenges resorting from the necessary reduction of carbon emissions together, and to make the steel industry as a whole more friendly towards the environment. In this context, the SMS group will make their technological know-how concerning construction, engineering and delivery of equipment available, and also provide technical support for assembly and commissioning projects in the Indian steel works operated by SAIL.
The document was signed on 3 August 2023 at the SAIL Management Training Institute in Ranchi in the state of Jharkhand, and represents an important milestone in the cooperation between the SMS group and SAIL. This is a positive step towards supporting innovation and sustainability in the steel industry and calls attention to the commitment of both companies to support 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”, says Marco Asquini, CEO for the regions APAC & MEA at SMS group. “This is a significant milestone for the decarbonisation of the Indian steel industry and aligns perfectly with our mission #turningmetalsgreen”.
Shri Saumya Tokdar, CGM at the SAIL steel works in Bhilai, explains: “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.”
