SAIL, John Cockerill India to Invest ₹6,000 Crore in Green Steel Plant

This is a boost to the steel industry of India. The whole investment in the project will come out to around ₹6,000 crore. Steel Authority of India Limited recently signed an MoU with John Cockerill India for an advanced downstream steel plant. Between 2027 and 2029, the downstream steel plant is going to get ready.

It will produce two types of cold-rolled electrical steel: grain-oriented and non-grain-oriented types. These high-performance types of steel include construction in energy-efficient electrical equipment transformers and motors, achieving the growing market demand for green and sustainable technologies.

The facility is expected to depend on SAIL for hot-rolled coils to be supplied to it, thereby ensuring a streamlined process. With an expected production capacity of 1.5 million tonnes per year, the plant will act as an important player supporting India’s industrial and renewable energy sectors.

With “green steel” representing a wide ambit of innovative steel production under this head that ensures low levels of harmful elements to the atmosphere, SAIL-John Cockerill India joins forces in striving for an enhanced, efficient environment-friendly standard setting with an association in sustainable and eco-friendly processes to fulfill its India-centric ‘Green Energy Targets.’.

The companies also share a deep commitment to strengthening India’s domestic steel production capacity and reducing import dependence, as well as propelling technological developments in the sector. Sources close to this development say this project will create jobs locally, grow local economies and lead India to be one of the global leaders in advanced steel manufacturing.

As the world moves toward a greener future, projects like these underline the importance of collaboration and innovation in building sustainable industries.