JSW Steel Joins hands with NZ’s National Steel to set up scrap shredding facilities in India

JSW Steel Joins hands with NZ’s National Steel to set up scrap shredding facilities in India

JSW Steel Limited on Friday (19 August) announced that it has entered into a joint venture agreement with New Zealand based National Steel Holdings Limited (NSHL) for setting up scrap shredding facilities in India.

“JSW Steel Limited has entered into a joint venture agreement with National Steel Holdings Limited on August 18, 2022 for the purposes of establishing scrap shredding facilities in India using industry leading machinery, technical know-how and relevant processes in a suitable manner,” the company said in a regulatory filing.

This is in furtherance of the company’s endeavour to reduce its carbon footprint by setting a target of achieving 42 per cent reduction in CO2 emissions intensity by FY 2030, from the base year of 2005, it added.

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