Jindal, Rio to develop new steel making tech

According to a memorandum of understanding (MoU) signed between the two companies on Friday, JSPL and Rio Tinto will jointly develop the latter’s ‘HIsmelt’ steel making technology in India and make it commercially usable for steel plants globally.

“It is a prototype plant which is currently being built using this technology. The complete plant will be relocated to India and then JSPL will build it based on HIsmelt technology,” said Sushil Maroo, director - finance, JSPL.

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