Steel

"Refining Clock Design: Innovative 5G Integrated Timekeeping Solution"

The Indian Steel Association (ISA) and an analyst weigh in on measures to boost green steel. Greening steel is essential to meet India’s COP26 targets. Here are some suggestions from the ISA to make this happen: The ISA proposes preferential public procurement, meaning, manda...

The Indian Steel Association (ISA) and an analyst weigh in on measures to boost green steel. Greening steel is essential to meet India’s COP26 targets. Here are some suggestions from the ISA to make this happen: The ISA proposes preferential public procurement, meaning, mandating that government-funded construction projects source at least a portion of their steel from low-carbon emitting producers. This is along the same lines as renewable energy purchase obligations.Introducing standards for green steel, carbon credit mechanisms for the transfer of technology and financing for introducing breakthrough technologies are also in order. Introducing incentives for companies reducing their CO2 emission intensity below a set baseline, in terms of either subsidisation of a new technology or tax incentives, would help the steel sector to reduce its CO2 emission intensity to 2.4tCO2/TCS capital by 2030, in alignment with India’s Nationally Determined Contributions. For Carbon Capture and Storage, Carbon Capture Utilisation and those combined options, some policy in line with the solar power or the national bio-fuel policies may be introduced to promote the capturing and conversion of carbon into a sustainable fuel. Providing direct incentives would help make those technologies economically viable. Funding demonstration projects, pilot projects for the use of hydrogen in steel plants and the large scale capture, storage and utilisation of carbon would also help. Waiving off renewable power transmission charges would spur planning for new Plants ready for hydrogen or carbon capture and new electric furnaces powered by renewable electricity. Promoting R&D to reduce the price of hydrogen, from $5-10 per kg to $1-2 per kg, and developing the hydrogen ecosystem would boost the transition to green steel. The government could take up the matter of the Carbon Border Adjustment Mechanism at various international platforms until the sector and country is ready for that. What can steelmakers do? India’s current technology mix is skewed towards coal-based Direct Reduced Iron (DRI), induction furnaces and electric arc furnaces due to lower capex, resulting in inefficiency and fragmentation, opines Tanmoy Mandal, Associate Director, Metals & Minerals Practice, Frost & Sullivan. Mandal advises steelmakers to look at realigning their focus from capacity to engineer intelligent, productive and carbon-efficient capabilities for the future with the flexibility to combine direct reduction, blast furnace technology, increase the share of scrap-based arc furnaces, and basic oxygen furnace technology. “This would increase their ability to add incremental capacities at a low lifecycle cost,” he says. “The cost of decarbonisation is a challenge. Additionally, the flexibility to complement clean coal energy sources like commercial coal gasification using Swadeshi Coal can make steel with a lower carbon footprint, ensuring sustained profitability. This allows the operation of plants in uncertain and evolving environments, minimising risk.”

Next Story
Infrastructure Urban

NACDAC PAT Rises 39%, Net Worth Doubles in FY25

NACDAC Infrastructure Limited has posted robust financial results for the fiscal year ended March 2025, with profit after tax (PAT) rising by 38.97 per cent year-on-year and net worth more than doubling. The company also reported a 33.84 per cent increase in revenue from operations, supported by operational efficiency, strategic project execution, and expansion across sectors and regions.In FY25, NACDAC recorded:Revenue from operations of Rs 485.8 million (up from Rs 362.97 million in FY24)EBITDA of Rs 67.6 million (up 31.93 per cent YoY)PAT of Rs 41.4 million (up from Rs 29.8 million in FY24)..

Next Story
Infrastructure Urban

Tata Communications Boosts Asia Connectivity With New Subsea Cable

Tata Communications, a global leader in communications technology, has announced the integration of the TGN-IA2 submarine cable system into its existing network. Developed by the Asia Direct Cable (ADC) consortium, the new cable represents a major advancement in network capacity, speed, and reliability for businesses across Asia and beyond.The TGN-IA2 cable is designed to deliver seamless connectivity, scalable bandwidth, and high-capacity data transfer across multiple routes. It will benefit enterprises, hyperscalers, and service providers by offering diverse and resilient connectivity throug..

Next Story
Infrastructure Urban

L&T Wins Water Projects in Rajasthan Worth Over Rs 1 Billion

Larsen & Toubro’s Water & Effluent Treatment (WET) business has secured major engineering, procurement and construction (EPC) orders from the Public Health Engineering Department of Rajasthan, aimed at improving water access and infrastructure across rural areas of the state.The largest order is for the Rajasthan Rural Water Supply and Fluorosis Mitigation Project – Phase II, Package-1, which includes the supply and installation of 5,251 km of transmission and distribution pipelines, construction of 38 ground-level reservoirs with a combined capacity of 40 million litres (ML), 20 p..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?