Gensol Engineering Collabs with Matrix To Build India’s Largest Green Steel Production Facility
Gensol Engineering has partnered with Matrix Gas & Renewables to develop India’s first and largest green steel production facility. The project’s total capital expenditure (capex) is estimated at INR 321 crore, with the government of India providing 50% capex incentives to support this initiative. Oct 21, 2024 Gensol Engineering, a solar energy consultancy and EPC […]
Ministry of Steel Launches Steel Import Monitoring System 2.0 Portal
The Steel Import Monitoring System (SIMS) 2.0 portal features API integration with multiple government portals, enhancing quality control and streamlining processes for improved efficiency and effectiveness. It will give a boost to the domestic steel industry and help in monitoring steel imports. Aug 5, 2024 The Union Ministry of Steel and Heavy Industries has launched […]
Talks Between India, EU Over Steel Import Safeguard Duties Fail
India now has the option to propose imposition of retaliatory customs duties under the WTO norms on certain value of goods imported from the EU. The Ministry of Commerce & Industry and the Ministry of Steel are deliberating on the quantum of impact Jul 1, 2024 India and the European Union (EU) have failed to […]
World’s First Off-Grid Green Hydrogen Plant For Stainless Steel Sector Inaugurated at Jindal Stainless Hisar, India
Located at Jindal Stainless Limited in Hisar, Haryana, the state-of-the-art facility is also the world’s first green hydrogen plant with rooftop & floating solar, having capacity to reduce around 2,700 MTPA carbon emissions. Mar 28, 2024 Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, recently inaugurated India’s first green hydrogen plant in […]
Bright future: India Emerges as Second Largest Global Producer of Steel, Domestic Steel Production Registers Robust Growth
India produced 89.711 million tonnes of domestic finished steel during Apr-Nov 2023, registering 14.3 percent growth. Feb 21, 2024 The future of the steel sector in India looks propitious, as the domestic finished steel production during the first eight months of the current fiscal year (April-November 2023) has reached 89.711 million tonnes, as against 78.498 […]
Government Mulling Incentives to Fuel Green Transition in Steel Industry
Government contemplates rewarding steel companies, which prioritize energy-efficient technologies and sustainable practices with concessional finance and long-term loans. Feb 21, 2024 In order to create a conducive environment for the steel sector to embrace eco-friendly practices and accelerate green transition in steel production, the government is contemplating a slew of incentives for the industry, including […]
