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Bhilai Steel Plant Embraces Solar Power for Green Future
Bhilai Steel Plant (BSP), the leading unit of India's steel giant Steel Authority of India Limited (SAIL), is embarking on a green journey by embracing solar power initiatives. In a recent development, BSP has inked a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) to install solar power generation systems across its plant premises and township in Bhilai.
According to a statement released by BSP management on Wednesday, the proposed plan aims to generate approximately 2 MW of electricity within the plant premises. Additionally, a proj..
Steel Plant Issue Threatens Political Parties
The issue surrounding the construction of a steel plant has emerged as a significant threat to political parties and candidates. With elections looming, the controversy has intensified, posing a challenge for parties vying for electoral support amidst growing public discontent.
The construction of the steel plant has become a contentious issue, with local communities and environmental activists expressing concerns over potential adverse impacts on the environment and livelihoods. The controversy has sparked widespread protests and agitation, putting pressure on political leaders to addr..
India's Steel Demand Growth Outlook Strong
India's steel industry is experiencing a significant boom, with demand expected to continue growing at a steady rate of 10% over the next few years. This growth trajectory is underpinned by several key factors, including robust infrastructure development, ongoing construction projects, a thriving automotive sector, and increased manufacturing activities driven by economic development initiatives.
The Indian government's focus on infrastructure development, including the ambitious National Infrastructure Pipeline (NIP) project, is a major driver of steel demand. The NIP aims to invest b..
Steel demand surge to persist, poised for 10% growth: Steel Secy
During the 'CII Conference on Future Ready and Green Manufacturing' held in the national capital, Steel Secretary Nagendra Nath Sinha conveyed that the trajectory of domestic steel demand is poised to ascend at a robust rate of 10 percent in the forthcoming years. This optimistic outlook is firmly underpinned by the steadfast commitment of the government towards bolstering infrastructure development initiatives. Sinha articulated that with the unwavering attention directed towards infrastructure projects by the government, the domestic demand for steel is primed to burgeon at a pace characteri..
