UditVani, Ranchi /Jamshedpur: In a major boost to India’s sustainable industrial transition, the Government of Jharkhand and Tata Steel Limited have signed a Letter of Intent (LoI) and Memorandum of Understanding (MoU) on the sidelines of the World Economic Forum (WEF), Davos.
The agreement envisages an investment of over Rs 11,100 crore in next-generation green steel technologies, positioning Jharkhand at the forefront of low-carbon industrial development while creating significant direct and indirect employment opportunities.
The MoU was signed under the leadership of Chief Minister Hemant Soren, with Tata Steel represented by its Managing Director and CEO T.V.
Narendran and senior company officials.
The collaboration aims to bring advanced green steel technologies from the Netherlands and Germany to Jharkhand, strengthening India’s push towards environmentally responsible manufacturing.
A key component of the investment—estimated at Rs 7,000 crore—focuses on deploying HISARNA and EASyMelt ironmaking technologies.
HISARNA enables the use of domestic coal and low-grade iron ore, reducing import dependence and production costs.
When combined with carbon capture and storage, it can cut carbon dioxide emissions by up to 80 per cent.
Following successful pilot trials in the Netherlands, Tata Steel plans to set up a commercial-scale facility of about 1 million tonnes per annum at Jamshedpur by 2030.
The EASyMelt technology, a first-of-its-kind global solution, enhances the sustainability of blast furnace operations by reducing coke consumption through syngas use, potentially lowering CO₂ emissions by up to 50 per cent.
Beyond green ironmaking, the investment package includes Rs 1,500 crore for a modern Combi Mill and Rs 2,600 crore for the expansion of Tinplate facilities.
These projects are expected to strengthen Jharkhand’s industrial ecosystem, support high-skilled employment, and improve competitiveness in a rapidly decarbonising global economy.
The agreement reflects the state government’s commitment to balancing economic growth with environmental responsibility.
As Jharkhand marks 25 years of its formation, the partnership signals a shift from a mineral-based industrial legacy towards green innovation and future-ready manufacturing.
A separate MoU was also agreed upon to promote industrial tourism at Tata Group–associated mining and manufacturing sites in the State.
During the interaction, Narendran lauded the Chief Minister’s engagement at Davos and highlighted Jharkhand’s progress in education, manufacturing and mining.
Chief Minister Soren, in turn, proposed Tata Steel’s support for upgrading Industrial Training Institutes (ITIs) to improve youth employability, a suggestion the company welcomed under its CSR initiatives.
On the occasion, the Tata Group also hosted the Chief Minister at a dinner at the Tata Dome in Davos, underscoring the deepening partnership between the state and the industry major.
