Steel demand is set to rise by 9-12% in FY25: Ind-Ra report

12 Jun 2024 CW Team

According to India Ratings and Research, the demand for steel is anticipated to increase by 9-12% during the current fiscal year, 2024-25 (Ind-Ra). The rating agency stated in a study that consistent development in end-user industries, including the automotive and infrastructure sectors, will underpin the demand. According to the agency, the rise in steel demand for FY25 is expected to be between 9 and 12 percent annually. "On a moderate recovery in global demand, raw material and finished goods prices are expected to be range-bound."

Rohit Sadaka, Director and Head of Materials and Diversified Industrials at Ind-Ra, stated that domestic players were expected to witness stable credit metrics. He attributed this to higher profitability and improved operating cash flows resulting from debt-led capex. The agency also expressed its anticipation of steady global steel demand, albeit with some moderation in China's demand due to its transition to low-carbon initiatives. Additionally, they noted moderate demand from the European Union (EU) but highlighted support from growth in emerging economies such as India.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..