Top Searches
Advertisement

Innovation Under Pressure: How Far Can India’s Green Steel Roadmap Take the World’s Second-Largest Producer?

Updated: April 24, 2025 10:44

Image Source: EY
India's steel industry is at a critical juncture, with a vision to achieve a mind-boggling 300 million tons of production capacity per year by 2030, while bearing a heavy burden of responsibility in the global decarbonisation effort. Steel Secretary Nagendra Nath Sinha underscored that decarbonisation has no "one-size-fits-all" measure, citing the complexity and heterogeneity of India's steel ecosystem.
 
Important Points:
  • Rapid Capacity Growth: India's steel sector is poised to exceed its 300 million ton target for 2030, courtesy of strong demand and an estimated ₹10 lakh crore investment. The sector has already seen double-digit growth, ahead of GDP and marking a turning point for domestic manufacturing.
  • Decarbonisation Roadmap: The Ministry of Steel has prepared a comprehensive decarbonisation roadmap, soon to be released for public consultation. Fourteen task forces have contributed to this blueprint, focusing on green hydrogen, carbon capture, recycling, and increased use of renewable energy.
  • Green Steel Mission: India has become the first nation to define "green steel," with the initiation of a taxonomy to classify steel products based on carbon intensity. The National Green Steel Mission features incentives for cleaner production, government mandates for green steel procurement, and convergence with green hydrogen programs.
  • Investment & Innovation: Attaining these twin objectives needs huge investment, technology upgradation, and policy support. Pilot projects for hydrogen in steel production, adoption of solar power, and recycling of scrap are being supported by the government to reduce emissions.
  • Tailored Approach: India's special challenges—infrastructure deficiencies and diversity of energy mix—officials emphasize that decarbonisation plans need to be tailored to local conditions, not copied lock, stock, and barrel from elsewhere.
India's steel narrative is going to determine both its economic destiny and its climate pledges, reconciling growth with green technology.
 
Source: Economic Times, Business Standard, The Secretariat, Manufacturing ET, Ministry of Steel

Advertisement

STORIES YOU MAY LIKE

Image Source : The Boston Globe
IndiGo Appoints Michael Whitaker as Independent Director
Image Source: Trade Brains
Elecon Engineering Reports Strong March Quarter Performance with Dividend Declaration
Image Source: Deccan Herald
LG Electronics India Delays IPO Plans, Citing Market Volatility
Advertisement
Image Source : Daily Excelsior
Supreme Industries Reports Strong March Quarter Performance with Revenue Growth and Dividend Declaration
Image Source : EquityBulls
Kirloskar Pneumatic Reports Strong March Quarter Performance with Revenue Growth and Dividend Announcement
Image Source: YouTube
Deccan Gold Mines Advances Composite License Boundary Demarcation with DGPS Survey
Image Source: Business Today
NSE strengthens listing criteria for small companies transitioning to main board
Advertisement
Live Blogs
Excuses Out, Action In: Rayudu Tells Pant to Lead from the Front After LSG’s Latest Slip
From Wicketkeeper to Benchwarmer: Why Sanju’s Off the Pitch Tonight
Sunrisers Dim at the Bottom, While Mumbai Strikes Gold with 2 Crucial Points
Power Playmakers: Wadhera Credits Ponting & Iyer for PBKS' Royal Rumble Over KKR
Top Stories
Image Source : The Economic Times
Waaree Technologies Reappoints Kirit Doshi as Chairman and Managing Director
Image Source : Indian Chemical News
Valiant Organics Strengthens Renewable Energy Commitment with Prozeal Green Power Agreement
Image Source: Business Today
India Suspends SAARC Visa Exemption Scheme for Pakistani Nationals Following Pahalgam Attack
Image Source : The Indian Express
Nokia’s India Growth Surges 75% in Q1 Amid New Airtel and Vi Deals, but Tariff Challenges Persist
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine