India steel, cement industry need Rs 47 lakh cr to go net 0
ECONOMY & POLICY

India steel, cement industry need Rs 47 lakh cr to go net 0

A recent report has highlighted that the domestic steel and cement industries in India will necessitate a staggering investment of Rs 47 lakh crore (approximately USD 627 billion) to align with net-zero carbon emission targets. India, the second-largest producer of steel and cement globally, faces the challenge of addressing the high emissions associated with these hard-to-abate industries.

The Council on Energy, Environment, and Water (CEEW) presented this insight in their report, emphasizing the substantial capital expenditure (CAPEX) that existing steel and cement facilities in India will need to undergo to achieve net-zero carbon emissions. The investment requirement of Rs 47 lakh crore underscores the monumental task ahead for these sectors.

Furthermore, the CEEW report indicates that, on an annual basis, each of these industries will need an additional operational expenditure (OPEX) of Rs 1 lakh crore to transition towards a net-zero emissions model. This ongoing expenditure is a crucial aspect of the journey to sustainability and emissions reduction in these emission-intensive sectors.

The CEEW's analysis also offers hope by suggesting that substantial reductions in emissions are possible within these industries. Specifically, an 8-25 percent reduction in steel emissions and a significant 32 percent reduction in cement emissions can be achieved without causing an increase in prices. This can be accomplished by adopting more efficient technologies, including waste-heat recovery systems and energy-efficient drives and controls.

As India strives to meet its environmental commitments and contribute to global climate goals, these findings highlight the magnitude of investment and the potential for greener technologies to play a transformative role in the country's steel and cement industries.

A recent report has highlighted that the domestic steel and cement industries in India will necessitate a staggering investment of Rs 47 lakh crore (approximately USD 627 billion) to align with net-zero carbon emission targets. India, the second-largest producer of steel and cement globally, faces the challenge of addressing the high emissions associated with these hard-to-abate industries. The Council on Energy, Environment, and Water (CEEW) presented this insight in their report, emphasizing the substantial capital expenditure (CAPEX) that existing steel and cement facilities in India will need to undergo to achieve net-zero carbon emissions. The investment requirement of Rs 47 lakh crore underscores the monumental task ahead for these sectors. Furthermore, the CEEW report indicates that, on an annual basis, each of these industries will need an additional operational expenditure (OPEX) of Rs 1 lakh crore to transition towards a net-zero emissions model. This ongoing expenditure is a crucial aspect of the journey to sustainability and emissions reduction in these emission-intensive sectors. The CEEW's analysis also offers hope by suggesting that substantial reductions in emissions are possible within these industries. Specifically, an 8-25 percent reduction in steel emissions and a significant 32 percent reduction in cement emissions can be achieved without causing an increase in prices. This can be accomplished by adopting more efficient technologies, including waste-heat recovery systems and energy-efficient drives and controls. As India strives to meet its environmental commitments and contribute to global climate goals, these findings highlight the magnitude of investment and the potential for greener technologies to play a transformative role in the country's steel and cement industries.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code