Concrete

India’s Steel Production to Surge by 32.9%

Decarbonization relies on ferrous scrap usage.

Published

2 years ago

October 14, 2024

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India’s steel production is projected to experience a remarkable surge of 32.9% by 2030, with the increasing utilization of ferrous scrap playing a pivotal role in this growth and the broader decarbonization efforts in the industry. As the demand for steel rises, the focus is shifting towards more sustainable practices that reduce carbon emissions and promote circular economy principles.

The growing reliance on ferrous scrap, which is derived from recycled steel products, is seen as a critical strategy to minimize the carbon footprint of steel manufacturing. This shift not only helps in conserving natural resources but also significantly reduces energy consumption and greenhouse gas emissions associated with traditional steel production methods. By integrating recycled materials into the production process, India aims to create a more resilient and environmentally friendly steel industry.

Industry experts emphasize that adopting innovative technologies and efficient recycling processes will be essential for achieving these ambitious targets. The Indian government is actively promoting policies that support the steel sector’s transition towards greener practices, which includes investments in advanced recycling facilities and research into low-carbon production methods.

Additionally, the surge in steel production is expected to drive economic growth, creating jobs and enhancing the overall industrial landscape in India. As the country continues to modernize its infrastructure and urbanize rapidly, the demand for steel is set to increase, further underscoring the importance of sustainable production practices.

Overall, India’s strategy to leverage ferrous scrap in steel production not only addresses immediate economic needs but also aligns with global efforts to combat climate change, positioning the country as a leader in sustainable industrial practices. This approach is anticipated to pave the way for a greener, more efficient steel industry, contributing to both national growth and global sustainability goals.

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Concrete

Cement Firms to Invest Rs. 130 bn in Green Energy by FY28

Cement companies plan to expand clean energy capacity to 6 GW by FY28

Published

1 day ago

September 17, 2026

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India’s major cement companies are set to raise their clean energy capacity to 6 GW by March 2028 from around 4 GW at the end of March 2026, according to ratings agency ICRA. The planned expansion is expected to involve investments of Rs. 130 bn over the next two years.

The additional capacity could generate annual savings of Rs. 62 bn to Rs. 67 bn, resulting in an estimated payback period of 1.8 to 2.2 years. Cement is an emission-intensive industry, and leading producers have established net-zero roadmaps covering the next 15 to 20 years.

The calcination process accounts for 57 to 60 per cent of the sector’s total emissions, while fuel combustion contributes 27 to 30 per cent and electricity consumption accounts for 10 to 13 per cent. ICRA said the figures highlighted the need for a broad decarbonisation strategy involving green power, blended cement, alternative fuels and improvements in clinker efficiency.

Green energy is considered one of the most commercially attractive decarbonisation options because it can reduce emissions while lowering operating costs. Every 5 per cent increase in green power replacement can reduce power and fuel costs by Rs. 15 to Rs. 16 per tonne. A 25 per cent replacement level could therefore save Rs. 75 to Rs. 80 per tonne and expand operating margins by 140 to 160 basis points.

Cement producers are also assessing carbon capture, utilisation and storage, although high implementation costs, energy requirements and limited transport and storage infrastructure are expected to slow commercial adoption. The government has proposed Rs. 200 bn over five years to support deployment across key sectors. Meanwhile, companies are targeting thermal substitution rates of 10 to 15 per cent over the next three to five years, compared with the current industry level of around 6 per cent.

Concrete

Centre Defers Clearance for Limestone Mine Near Bustard Habitat

Panel seeks revised mining plan and safeguards for pipelines and wildlife

Published

2 days ago

September 16, 2026

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The Centre has deferred environmental clearance for a proposed limestone mine near a Great Indian Bustard habitat in Ramgarh, Rajasthan’s Jaisalmer district. The critically endangered species has an estimated wild population of about 130 in India.

Concrete

Telangana to Supply Subsidised Cement for Indiramma Houses

Poor families allotted Indiramma houses to receive cement at Rs. 230 per bag

Published

2 days ago

September 16, 2026

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The Telangana government will supply cement at a subsidised price of Rs. 230 per 50-kg bag to poor and low-income families allotted Indiramma houses. The prevailing market price is between Rs. 310 and Rs. 320 per bag, the Assembly was informed on Thursday.