According to the company statement, L&T was selected as the partner to carry out the FEED phase after a competitive evaluation process involving several companies worldwide.

Meranti Green Steel stated that the FEED process is a critical stage in which the plant’s technical design, process configuration, layout planning, cost estimates, and project schedule are defined, while engineering studies are completed prior to investment in order to reduce technical risks.

The statement noted that L&T’s Minerals & Metals team will bring its large-scale engineering capabilities and extensive industry experience to the project.

The company emphasized that this agreement represents an important milestone on the path toward a Final Investment Decision (FID), and will support the goal of producing competitive-cost green HBI from day one.

Meranti Green Steel added that it aims to advance the project step by step together with the L&T team, and that the collaboration will contribute to the company’s long-term vision of low-carbon iron production.