SAML is an Indian company that specializes in the production and supply of advanced metals and alloys for a wide range of industries. Its stainless steel products support sectors such as gas and defense, amongst others.
Decarbonization challenge
Steel is essential to global industrial and infrastructure development, and in India, where the economy is growing rapidly, production of steel is expected to also grow significantly over the next decade. However, the sector is a major source of emissions, accounting for around 10%-12% of the country’s total greenhouse gas emissions.. As a result, decarbonizing steel is central to India’s growth. The Ministry of Steel’s Greening the Steel Sector in India: Roadmap and Action Plan highlights the importance of transitioning to low-emissions steel production.
Aligned with its decarbonization mission and the Paris Agreement, which aims to limit global warming by reaching global net-zero greenhouse gas emissions, SAML has set targets to reduce emissions by 2030 and achieve net-zero by 2050. As a producer of stainless steel from scrap, the company currently relies on coal-based electricity. Transitioning to renewable energy, like solar, is therefore a key decarbonization lever. SAML has entered into a non-binding term sheet with Hexa Climate Solutions Private Limited for a renewable power project in Rajasthan, where they plan to source 38.4 MW of power, once commissioned.
SAML’s membership was announced during the LeadIT Industry Transition Partnership (ITP) Annual Summit, which for 2026 was held in New Delhi.
We are pleased to welcome Synergy Advanced Metals Limited (SAML) to LeadIT. Steel is central to the global shift to low-carbon industry, and strong partnerships continue to be at the heart of LeadIT’s work. SAML will strengthen our collective efforts to deliver practical solutions and accelerate progress within the steel sector, not least on the experience of applying of solar power.
Per Andersson
Head of Secretariat, LeadIT
SAML decided to join LeadIT to contribute to and benefit from a global platform focused on accelerating the decarbonization of sectors such as steel through collaboration, technical exchange, policy engagement, and industry insight contribution. Our decision is also aligned with India’s national decarbonization agenda and our own commitment to achieving net-zero emissions by 2050.
Anubhav Kathuria
Managing Director, SAML
READ the full interview with SAML’s Managing Director, Anubhav Kathuria, where he explains why membership of LeadIT is an important part of the company’s journey to a more sustainable future.
As a stainless steel manufacturer with a focus on circularity and sustainability, we recognise that achieving meaningful emissions reduction requires collective action across industry, government, and technology ecosystems. LeadIT offers a unique opportunity to engage in this multi-stakeholder collaboration. By joining LeadIT, we aim to align with global best practices, and play a proactive role in enabling a low-carbon future for the stainless steel industry.
As a member of LeadIT, SAML aims to accelerate its decarbonisation journey through structured collaboration, technical exchange, and policy engagement.
We seek access to sector-specific transition pathways, best-practice case studies, and technical insights on deep decarbonisation solutions—including electrification, renewable energy integration, hydrogen readiness, and emerging low-carbon technologies.
We also value LeadIT’s role as a public–private platform that facilitates direct engagement with governments, multilateral institutions, and industry peers. This will enable us to contribute to and benefit from discussions on enabling policies, infrastructure development, carbon markets, and global standards essential for industrial transition.
For SAML, one of the primary challenges lies in transitioning from coal-based grid electricity to cleaner energy sources, given the energy-intensive nature of stainless steel production. While scrap-based manufacturing offers inherent sustainability advantages, achieving deep decarbonization requires large-scale integration of renewable energy, which is dependent on infrastructure availability, cost competitiveness, and grid reliability.
In addition, we believe that the adoption of technologies—such as green hydrogen and low-carbon process innovations—remains constrained by technological maturity, high capital investment requirements, and uncertain commercial viability.
Despite these challenges, SAML has set targets to reduce emissions by 2030 and achieve net-zero by 2050.
We see our engagement with the Leadership Group for Industry Transition as a collaborative and knowledge-driven partnership aimed at accelerating our sustainability journey.
We aim to actively participate in global policy dialogues, and contributing to the broader green transition agenda. At the same time, we look forward to learning from fellow members within the steel industry by understanding global best practices and practical approaches to decarbonisation.
A key focus area for us will be aligning our net-zero ambitions with globally accepted frameworks such as the Science Based Targets initiative methodology. Through this, we hope to strengthen our roadmap with structured guidance and measurable outcomes.
We also intend to contribute by sharing our practical experiences, operational insights, and learnings, fostering mutual growth within the group. Additionally, we are keen to explore strategies for addressing residual emissions, including various carbon neutralisation approaches.
Lastly, we look forward to engaging in technology and knowledge exchange to better understand how innovations can be effectively procured and implemented within our operations.
Through our membership in LeadIT, SAML will contribute technical, operational, and data-driven insights to support decarbonisation in hard-to-abate sectors, with a specific focus on the stainless steel industry.
We will bring plant-level experience in areas such as energy efficiency improvements, scrap-based production optimisation, furnace performance enhancement, electrification of industrial processes, and integration of renewable energy into operations. These insights can support the development of practical and scalable transition pathways.
In addition, we will contribute to methodological advancements by sharing our experience in emissions measurement, monitoring, and reporting aligned emerging global standards like CBAM and product carbon footprint methodologies.
We can also support value-chain decarbonisation efforts through supplier engagement models, recycled-content benchmarking, and strategies to reduce upstream emissions.
Finally, SAML brings an industry perspective from the Indian stainless steel sector, enabling contributions to global dialogue, policy development, and knowledge sharing for industrial transition
