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In WEF, Davos, Jharkhand government signs a MoU with Tata Steel of over ₹11,000 crore

Published - January 21, 2026 11:00 am IST - PATNA Jharkhand government delegation led by Chief Miniter Hemant Soren signs MoU with Tata Steel in Davos. | Photo Credit: Special Arrangement On the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Jharkhand government and Tata Steel Limited on Tuesday (January 20, 2026) signed a Letter of Intent (LoI) and Memorandum of Understanding (MoU). The agreement outlines a proposed investment of over ₹11,000 crore in New Age Green Steel Technologies, aimed at supporting India’s transition towards low-carbon, environmentally responsible industrial growth while generating substantial direct and indirect employment opportunities in the State.

In WEF, Davos, Jharkhand government signs a MoU with Tata Steel of over ₹11,000 crore

Credit: Thehindu

Key Highlights

  • Read: World Economic Forum 2026 Day 2 LIVE As per the information shared by the Jharkhand Chief Minister’s Office, the partnership will bring advanced green steel technologies from the Netherlands and Germany to Jharkhand, positioning the State as a key contributor to the global shift towards sustainable manufacturing.
  • The meeting was attended by T. V.
  • Narendran, managing director & CEO, Tata Steel, along with senior members of the Tata Steel delegation.
  • Tata Steel also plans to establish a commercial-scale facility of approximately 1 million tonnes per annum capacity in Jamshedpur by 2030.
  • As Jharkhand marks 25 years of its formation, the agreement represents a milestone in the State’s evolving industrial trajectory.
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Sources

  1. In WEF, Davos, Jharkhand government signs a MoU with Tata Steel of over ₹11,000 crore

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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