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    HomeNewsBusinessAnnouncementsJSW Steel joins hands with German firm SMS group for decarbonisation drive

    JSW Steel joins hands with German firm SMS group for decarbonisation drive

    The companies have inked a Memorandum of Understanding for implementing the decarbonisation projects across various JSW Steel plants in India

    Nickey Mirchandani
    September 13, 2022 / 22:15 IST
    Representative image.

    JSW Steel has forged a collaboration with Germany-based engineering and technology company SMS group to explore solutions and R&D projects to reduce carbon emissions in its iron and steelmaking operations in India.

    Both companies have inked a Memorandum of Understanding (MoU) for implementing the decarbonisation initiatives across various JSW Steel plants in India.

    JSW Steel is investing Rs 10,000 crore to reduce carbon emissions from steel manufacturing. It targets to bring down GHG emissions by 42 percent (from the base year 2005 levels) to less than 1.95 tonnes of CO2 per tonne of crude steel by 2030.

    Nickey Mirchandani
    Nickey Mirchandani Assistant Editor at Moneycontrol covering Materials and Industrials space which includes Metals, Cement and Infrastructure sector. She’s a presenter and a stock market enthusiast with over 12 years of experience who loves reading between the lines and scanning through numbers. Before joining Moneycontrol, she was an Associate Research Head at Bloomberg Quint/ BQ Prime, where she wrote analytical pieces, anchored multiple interviews and a show called “ Market Wrap”.
    first published: Sep 13, 2022 05:13 pm

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