Govt Launches 3 SRTMI Initiatives to Boost R&D in Steelmaking

17 Mar 2025 CW Team

Union Minister Bhupathiraju Srinivasa Varma has launched three initiatives under the Steel Research Technology Mission of India (SRTMI) to enhance R&D in steelmaking within the country, according to an official announcement.

SRTMI is a joint effort by the Ministry of Steel and the domestic steel industry. Varma, the Minister of State for Steel, launched the R&D schemes along with the SRTMI web portal to encourage innovation and sustainability in the steel sector.

The schemes were unveiled at the 'Catalysing R&D in the Indian Steel Sector' event, organised by the Ministry of Steel in the national capital. The new R&D initiatives and the SteelCollab portal are set to play a key role as India aims for a 300 million tonnes steel capacity by 2030, as stated by the minister.

The first scheme, the Challenge Method, focuses on identifying and addressing critical industry challenges, while the Open Innovation Method supports research proposals from academia and researchers in collaboration with the industry.

The third initiative, the Start-up Accelerator scheme, aims to support early-stage startups in developing innovative steel technologies. The SteelCollab platform will serve as a hub to connect industry leaders, researchers, startups, and academia to foster decarbonisation, digitalisation, and the development of advanced steel technologies.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..