John Cockerill India Limited (JCIL), a global leader in industrial engineering, has entered into a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL), India’s largest government-owned steel producer. This collaboration aims to transform the steel industry through innovative and sustainable solutions, focusing on decarbonisation and advanced technology integration.
Under this agreement, JCIL and SAIL will jointly explore multiple avenues to promote sustainable practices in steel manufacturing. Key initiatives include:
This partnership underscores a shared commitment to decarbonising the steel industry and positioning Indian steel producers as global leaders. François David Martino, CEO of John Cockerill Industry and Chairman of John Cockerill India Limited, remarked, “By combining our expertise and technologies, we aim to drive impactful solutions that enhance production efficiency and reduce carbon emissions. This collaboration is a step forward in shaping a sustainable and competitive steel sector for India.”
India’s steel industry is at a transformative juncture, with the potential to adopt greener, more sustainable production processes. The MoU aligns with national initiatives like the National Green Hydrogen Mission, reinforcing India’s commitment to environmental stewardship and industrial innovation.
With a history dating back to 1817, John Cockerill is renowned for developing large-scale technological solutions across energy, industry, and environmental sectors. The company operates in 29 countries, employing over 6,000 professionals, including more than 500 in India. In 2023, it achieved a turnover of €1.2 billion, demonstrating its commitment to driving sustainable growth globally.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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