Sambit Saha News Today

The new configuration of the Electric arc furnace will use locally produced steel scrap and will be used for conversion to steel with local energy. This is a far more resilient business model that will be competitive and leaner

CEO Jayant Acharya stressed that steel demand is likely to gallop annually by 10 million tonnes (mt) on average and that he believes the election outcome would not alter the government’s focus on infrastructure, green transition and manufacturing

CEO Jayant Acharya stressed that steel demand is likely to gallop annually by 10 million tonnes (mt) on average and that he believes the election outcome would not alter the government’s focus on infrastructure, green transition and manufacturing

The director of research of London-based research firm urges devising a carbon tax on petroleum, focusing on carbon capture and decarbonising oil. She also raises alarm about depleting investment in the sector

CEO Jayant Acharya said that Indian steel demand will top double-digit in this decade, mirroring the growth in Japan, Korea and China in the past

The Rishi Sunak-government offered up to £500 million in grant to the company to replace the loss-making and polluting blast furnace operation in Port Talbot to a less carbon-intensive electric arc furnace, at a capital cost of £1.25 billion

The company recently won multiple orders for metro coaches, Vande Bharat coaches, forged wheels among others

We expect India demand to grow by 10mt to 130mt in FY24: Acharya

India’s largest steel producer by domestic capacity believes that it can hold to margins despite volatility in steel prices on strength of higher sales volume, and other factors

Replacement of coal with either natural gas in short term or hydrogen in medium term, will require investments in new technology, availability of substitute fuels among others