SAIL shares in focus after signing MoU with John Cockerill for green steel tech
iron and steelmaking processes.
The development is significant as the Maharatna firm remains committed to transforming traditional iron and steelmaking practices by adopting advanced, sustainable technologies, the company said in a statement. The Memorandum of Understanding (MoU) was signed by SAIL with John Cockerill India Ltd (JCIL), it added.
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«The focus areas of this collaboration will be cold rolling and processing for carbon steel, green steel, and silicon steel, specifically CRGO (cold rolled grain-oriented) and CRNO (cold rolled non-oriented) steels,» SAIL said in a statement. The partnership also aims to incorporate advanced steelmaking technologies to enhance efficiency and sustainability.
In the September quarter of FY25, SAIL reported a 31% fall in consolidated net profit to Rs 897.15 crore, dragged down by lower income. The company had posted a Rs 1,305.59 crore net profit for the period ended September 2023.
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