SAIL, Ram Charan Co tie-up for greenhouse emissions

08 Jan 2024 CW Team

Steel Authority of India Ltd (SAIL) has made a deal with Chennai-based Ram Charan Company for managing greenhouse gas emissions at the state-run company?s plants in Durgapur, Bokaro, and Burnpur, said a source.

SAIL is in advanced talks with Ram Charan, in which US-based TFCC International has a 46 per cent stake, for a similar tie-up to manage emissions at its Rourkela unit.

The agreement is for multiple solutions, including converting emissions to value-added products and fuel with no residue left behind. A SAIL official confirmed the agreement, but did not specify the investment required.

We are in the process of completing a tie-up with SAIL. This will be a huge boost in achieving SAIL's carbon-neutral goals. The tie-up will be with all the five major steel plants of the company," said Kaushik Palicha, owner of Ram Charan. ?Our state-of-the-art technology will help in converting greenhouse gas emissions into value-added products and fuel.?

The two sides have an existing agreement for SAIL?s Bhilai Steel Plant. That agreement was on a trial basis for managing emissions of 25 tonnes per day (tpd). The Bhilai tie-up was expected to see investments worth Rs 6,000 crore.

According to industry estimates, investments for emissions management at the plants may come to around Rs 20,000 crore.

SAIL is working to reduce carbon emissions and increase the share of renewable/non-conventional energy by 2030 to be net zero in emissions by 2070, according to its annual report.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..