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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