Contact

Thilo Sagermann
Phone: +49 211 881-4449
Mobile: +49 151 40226502
E-mail: thilo.sagermann@sms-group.com

PRESS RELEASE

August 15, 2023, Düsseldorf

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

 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.
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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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Marco Asquini and Shri Saumya Tokdar showing solidarity in their decarbonization objectives at the
MoU signing ceremony held in Ranchi.

Experts from SMS group and SAIL during the MoU signing ceremony.

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.