JSW Steel signs agreement with German group for carbon reduction projects

'New transformative approach' needed to produce green steel, says JSW Steel leader Sajjan Jindal

Steel
Premium

Achieving net zero in the industry would require major upgrades and capital investments at mills, Sajjan Jindal said

BS Reporter Kolkata
JSW Steel on Tuesday signed a memorandum of understanding (MoU) with SMS group, a German engineering and technology company, for exploring decarbonisation projects at the Indian firm’s plants.

A statement said that the collaboration would enable the companies to together explore opportunities to reduce carbon emissions and produce green steel. The SMS group would provide its experts for design, engineering consultancy, and commissioning of projects. JSW Steel, the flagship company of the $22 billion JSW Group, would provide support at its plants for SMS group to explore solutions for decarbonisation projects.

Also Read

What are carbon credits?

TMS Ep140: Axis-Citi deal, BS Awards 2021, small caps, carbon credits

Proposed carbon credit mandate to open green avenues for industry

Likely reduction in steel prices to offer relief to auto, consumer durables

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

Dealers and automakers have a tumultuous relationship, says FADA President

EKI lists India's plastic project under global accreditation standard

Former RBI deputy governor Kanungo, Kaushik Dutta join BharatPe board

HCL Tech lays off over 300 employees working on Microsoft news products

First Published: Sep 13 2022 | 5:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com