The Memorandum of Understanding (MoU) focuses on adopting innovative technologies for cold rolling and processing carbon steel, as well as the production of green steel and specialised silicon steels like CRGO (cold rolled grain-oriented) and CRNO (cold rolled non-oriented) variants. SAIL aims to enhance efficiency and sustainability in steelmaking to meet evolving market demands and contribute to a greener future.

This partnership comes as SAIL continues to navigate market challenges, reporting a 31% decline in consolidated net profit to Rs 8.97 billion in the September quarter, attributed to lower income and subdued demand. Despite these hurdles, the maharatna company remains steadfast in aligning its operations with global sustainability goals.

(ET)