Domestic aluminum players need to invest to meet net0 target

15 Mar 2023 CW Team

To accomplish their ambitious goals of a 25% reduction in carbon emissions in the next five to seven years and achieve net-zero status by 2050, domestic aluminium players will need to significantly enhance their renewable energy or low carbon-intensive power sources, ICRA said on Monday.

Due to the large usage of coal in generating captive electricity, domestic aluminium makers have the highest carbon intensity at close to 17–20t CO2e/tonne of aluminium, according to ICRA.

Depending on the mix of renewable energy (RE) used, this could require sizeable capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, according to an ICRA paper on the primary aluminium business.

Yet, organisations may decide to establish power purchase agreements to obtain RE power rather than performing an upfront expenditure. Yet, it is anticipated that their cost of producing metal will increase dramatically.

Due to rising coal use, Chinese aluminium makers continue to have high carbon intensity. Yet, compared to their Asian counterparts, aluminium companies operating in western economies have gradually shifted to hydropower with a nearly 60% lower carbon intensity.

"Significant consumption of RE electricity in the entire value chain would be a necessity to decarbonizing the primary aluminium business," said Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..