Indian Steel Companies Begin Transitioning to Green Steel, Seek...

Indian Steel Companies Begin Transitioning to Green Steel, Seek Supply of Renewable Energy & Green Hydrogen - SolarQuarter



With Kalyani Steels Ltd becoming the first Green Steel producer of India, all major Indian steel manufacturers are now beginning to transition towards Green Steel but want cheap supplies of Green Power and Green Hydrogen to make the transition financially viable.This was brought out at the Conclave on “Transitioning Towards Green Steel” organized by the Minerals & Metals Committee of PHD Chamber of Commerce and Industry on 4 February 2023.

Indian Steel production capacity is likely to increase to 300 million ton per year from existing capacity of 155 million ton per year by 2030 and to around 500 million TPY by 2047. Hence the Government of India is now emphasizing on Green growth, which has also been the highlight of the recently presented Budget.

He informed that 55% of the total steel produced in India was through Electric Arc Furnace (EAF)/Induction Furnace route, which can be easily decarbonised by using Green Energy (since India is blessed with Solar & Wind Power) or Green Hydrogen."

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