India’s Steel Sector Faces Uphill Decarbonization Battle

16 Oct 2024 CW Team

India’s steel sector, responsible for 12% of the nation’s global emissions, faces significant challenges in its journey toward decarbonization, according to Neha Verma, Director at the Ministry of Steel. Verma revealed that India emits 2.54 tons of CO2 per ton of crude steel, exceeding the global average of 1.91 tons.

Despite being a key industry heavily reliant on coal, steel production is poised for rapid growth, with output expected to rise from 170 million tons to 300 million tons by 2030. Verma emphasized that the expansion will be pursued sustainably, guided by the Ministry’s roadmap to reduce emission intensity to 2.2 tons of CO2 per ton of steel by 2030.

In the short term, energy efficiency improvements and greater reliance on renewable energy could reduce emissions by up to 12%. Long-term solutions, including green hydrogen and carbon capture, offer transformative potential, but challenges such as high costs and technology adoption remain hurdles for the sector.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..