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.

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..