India's Mukand Sumi Special Steel Limited (MSSSL), a joint venture between Bajaj Group and Japan's Sumitomo Corporation, will build an integrated special steel production facility, attracting investments of about 266.20 million. USD. The United States to the southern state of Karnataka, the company said in a statement on Tuesday. positioning it among the leading Indian specialty steel producers. The new facility is expected to begin operations by early 2028, pending environmental clearances, the company said.
Since its establishment in 2018, MSSSL has maintained an annual production capacity of approximately 350,000 tons, primarily serving the automotive and engineering sectors with rods, rods, and secondary products. Jumbo Bloom Disasters, modern rolling mills and comprehensive testing facilities. These capabilities will enable the production of specialized steel grades for power trains, railways and bearings, the company said.
The plant will operate under a zero-liquid, solid, and gaseous emission model, with more than 95 percent of the energy requirements derived from renewable sources. MSSSL is committed to achieving clean-hole steel production by 2050, with future phases including hydrogen-ready technologies and carbon capture technologies, it says.
