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The latest update is out from Tata Steel Limited ( (IN:TATASTEEL) ).
Tata Steel has signed definitive agreements with SMS Group’s Paul Wurth unit to deploy the world’s first EASyMelt, an electrically assisted syngas smelter technology, at its ‘E’ blast furnace in Jamshedpur. The industrial-scale demonstration, to be executed in phases, is designed to cut carbon dioxide emissions from the furnace by more than 50 percent compared with current baseline operations.
The partnership builds on a 2023 memorandum of understanding between Tata Steel and SMS Group and follows a successful front-end loading study, underscoring growing momentum behind brownfield decarbonisation of existing steel assets. The project marks a key step toward Tata Steel’s 2045 net-zero emissions goal and positions the company as an early mover in advanced ironmaking technologies that could set benchmarks for climate-neutral steel production globally.
More about Tata Steel Limited
Tata Steel Limited is a major global steel producer based in India, operating integrated steel plants and supplying a wide range of steel products to automotive, construction, infrastructure, and industrial customers. The company has been increasingly focused on low-carbon steelmaking and decarbonisation technologies to strengthen its competitive position in a transitioning global metals industry.
Average Trading Volume: 2,703,731
Technical Sentiment Signal: Buy
Current Market Cap: 2606.6B INR
See more data about TATASTEEL stock on TipRanks’ Stock Analysis page.