Vedanta -Iron and Steel signs MOU with IIT Bombay for ‘Green Steel ‘production

#Vedanta #IronandSteel #MoU #IITBombay

Source: Vedanta

“At Vedanta, we are fully committed towards our ESG goal of achieving ‘Carbon Neutrality’ by 2050 or before, and this engagement with IIT-B is a massive step forward in our endeavour to adopt ‘Green Technologies’ to significantly reduce the carbon footprints.” - Sauvick Mazumdar, CEO, Iron & Steel Sector, Vedanta Limited

August 2022 : Vedanta-Iron & Steel Business has partnered with IIT, Bombay for an R&D project to develop cost-effective technology for producing Green Steel using Hydrogen thereby targeting significant carbon footprint reduction in Iron and Steel space. Vedanta-Iron and Steel and IIT – B will also collaborate on the exchange of knowledge and technology for process innovation and excellence.

The First project kick-off meeting between Vedanta-Iron & Steel leadership team and IIT-B senior officials took place virtually and was chaired by Sujal Shah – CEO, Sesa Goa Iron Ore Business, Vedanta Limited and Prof. Arindam Sarkar, IIT-B along with the project team.

This engagement with IIT- B is a significant step which is aligned with Vedanta’s vision of achieving carbon neutral operations by 2050 & Country’s goal of producing Green Hydrogen and aims to create benchmark transformation in steel making process.

Sauvick Mazumdar, CEO, Iron & Steel Sector, Vedanta Limited said “At Vedanta, we are fully committed towards our ESG goal of achieving ‘Carbon Neutrality’ by 2050 or before, and this engagement with IIT-B is a massive step forward in our endeavour to adopt ‘Green Technologies’ to significantly reduce the carbon footprints. I congratulate my Iron & Steel Business team and IIT-B for this fruitful association which will surely lay the foundation for yet another landmark transformation for the metal & mining industry”