Indian state-owned steelmaker Steel Authority of India Limited (SAIL) and technology firm John Cockerill India (JCIL) plan to invest about INR60 billion ($692 million) to set up a plant for producing cold-rolled granular and cold-rolled non-oriented electrical steel. The project, reported by Manufacturing Today India, is scheduled for completion between 2027 and 2029, with a target production volume of 1.5 million tons per year.
The raw material for production will be hot-rolled coils supplied by SAIL, and the new unit can be built at any of the steelmaker’s plants. SAIL also intends to install an electric arc furnace to produce green steel.
This integration is based on a Memorandum of Understanding signed by the companies in November 2022, focusing on clean steel technologies and innovations in carbon steel, environmentally friendly, and silicon steel. Both companies aim to find new cost-effective solutions to transform India’s steel industry.
Additionally, SAIL and Australian mining company BHP will cooperate to support the decarbonization of steel production. They are exploring various strategies to reduce greenhouse gas emissions, including the use of alternative reductants for the blast furnace, such as hydrogen and biogas.
