SAIL and PT Krakatau Steel Sign MoU for Stainless Steel Ventures

India’s SAIL and Indonesia’s PT Krakatau Steel are teaming up. The two steel giants signed an MoU during Prime Minister Modi’s recent visit to Indonesia to explore a joint venture for producing stainless steel slabs. By pairing Indonesia's massive nickel reserves with SAIL's 50+ years of manufacturing experience, the alliance aims to tackle rising demand across the infrastructure and clean energy sectors. Detailed project specifics—like capacity and funding—will be locked in following upcoming feasibility studies.

News by Rahul Yelligetti.