India Boosts Green Steel Initiatives to Cut CO鈧� Emissions by 2070

02 Apr 2025 CW Team

The Indian government has implemented several initiatives to reduce CO? emissions in the steel sector, focusing on the transition to renewable energy in steel production.

The Ministry of Steel has introduced the Taxonomy for Green Steel, which establishes standards for defining and categorizing low-emission steel. Additionally, a comprehensive report titled "Greening the Steel Sector in India: Roadmap and Action Plan" has been released, outlining a strategy for achieving sustainability and net-zero emissions by 2070. This report aligns with recommendations from 14 task forces constituted for this purpose and is available on the Ministry of Steel's website.

To further promote decarbonisation, the Ministry has awarded seven pilot projects aimed at utilizing hydrogen in steel manufacturing under the National Green Hydrogen Mission, launched by the Ministry of New & Renewable Energy. These projects are expected to play a crucial role in reducing carbon emissions in the sector.

Moreover, the National Solar Mission, initiated in January 2010 by the Ministry of New & Renewable Energy, supports the adoption of solar energy, contributing to emission reduction efforts in the steel industry. These measures collectively aim to enhance sustainability in steel production and align with India's long-term climate goals.

News source: PIB

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 ..