Sajjan Jindal asks for joint effort to decarbonise steel production
Steel

Sajjan Jindal asks for joint effort to decarbonise steel production

On Wednesday, newly appointed World Steel Association Chairman Sajjan Jindal asked for a joint effort of the industry to develop a cleaner future by working towards decarbonising steel creation.

Jindal made the remarks after he was elected as the chairman of the World Steel Association (worldsteel), as per a statement declared by JSW Steel.

He is the first Indian to be appointed as the chairman of the Belgium-headquartered global industry organisation.

As per the statement, Jindal said that governments and policymakers have realised that to reconstruct their economies, they require to boost their spending on infrastructure.

This global structural transformation has given the industry various new opportunities to make steel more efficiently.

In the statement, he also said that as they contribute to the growth of society, they also require to develop a better and cleaner future by working towards decarbonising steel production.

Jindal has been appointed as the chairman of worldsteel for one year. Worldsteel acts as the focal point for the steel industry, rendering global leadership on all vital strategic matters influencing the industry, specifically concentrating on economic, environmental and social sustainability.

Its members represent around 85% of the world's steel generation, comprising more than 160 steel generators, national and regional steel industry organisations and steel research institutes.

JSW Steel, the flagship firm of the JSW Group, is among the top-six steel generators in India, having a global presence.

The firm aims to achieve 37.5 mtpa steel-producing capacity by FY 2024-25.

Image Source

Also read: Tata Steel joins Sea Cargo Charter as part of sustainability goals

On Wednesday, newly appointed World Steel Association Chairman Sajjan Jindal asked for a joint effort of the industry to develop a cleaner future by working towards decarbonising steel creation. Jindal made the remarks after he was elected as the chairman of the World Steel Association (worldsteel), as per a statement declared by JSW Steel. He is the first Indian to be appointed as the chairman of the Belgium-headquartered global industry organisation. As per the statement, Jindal said that governments and policymakers have realised that to reconstruct their economies, they require to boost their spending on infrastructure. This global structural transformation has given the industry various new opportunities to make steel more efficiently. In the statement, he also said that as they contribute to the growth of society, they also require to develop a better and cleaner future by working towards decarbonising steel production. Jindal has been appointed as the chairman of worldsteel for one year. Worldsteel acts as the focal point for the steel industry, rendering global leadership on all vital strategic matters influencing the industry, specifically concentrating on economic, environmental and social sustainability. Its members represent around 85% of the world's steel generation, comprising more than 160 steel generators, national and regional steel industry organisations and steel research institutes. JSW Steel, the flagship firm of the JSW Group, is among the top-six steel generators in India, having a global presence. The firm aims to achieve 37.5 mtpa steel-producing capacity by FY 2024-25. Image Source Also read: Tata Steel joins Sea Cargo Charter as part of sustainability goals

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?