In a major move to promote environmentally sustainable industrial growth, the Jharkhand government has entered into a Letter of Intent (LoI) and Memorandum of Understanding (MoU) with Tata Steel Limited during the World Economic Forum (WEF) annual meeting in Davos.
The agreement envisages an investment exceeding ₹11,000 crore in next-generation green steel technologies, aimed at reducing carbon emissions while creating large-scale direct and indirect employment across the State.
The collaboration will facilitate the introduction of cutting-edge green steel technologies from Germany and the Netherlands, reinforcing Jharkhand’s position in the global transition towards low-carbon manufacturing.
The discussions were attended by Chief Minister Hemant Soren led delegation of the Jharkhand government and Tata Steel Managing Director and CEO TV Narendran, along with senior company officials.
A key element of the proposal is the adoption of HISARNA and EASyMelt ironmaking technologies, involving an estimated investment of ₹7,000 crore.
HISARNA technology allows the use of indigenous coal and low-grade iron ore, cutting down reliance on imports and improving cost efficiency. When combined with carbon capture systems, it can reduce carbon dioxide emissions by up to 80 per cent.
After successful pilot projects in the Netherlands, Tata Steel plans to set up a one million tonne per annum commercial facility in Jamshedpur by 2030.
The EASyMelt technology, a globally innovative solution, aims to modernise conventional blast furnace processes by lowering coke usage through syngas, resulting in up to 50 per cent reduction in CO₂ emissions.
The investment plan also includes ₹1,500 crore for a state-of-the-art Combi Mill and ₹2,600 crore for expanding tinplate manufacturing facilities. These initiatives are expected to boost Jharkhand’s industrial capacity, generate skilled employment, and strengthen competitiveness in a rapidly decarbonising global economy.
During the interaction, Soren urged Tata Steel to assist in modernising Industrial Training Institutes (ITIs) in the State to improve workforce employability, a proposal the company agreed to support through its CSR initiatives.
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