The Centre is developing a policy framework for decarbonising the steel sector, involving 14 task forces with experts and stakeholders. The report 'Greening the steel sector in India-Roadmap and Action Plan' outlines technological innovation, policy reforms, and financial mechanisms to support this transition, addressing challenges like climate commitments and rising energy costs. View More

The Centre is working on developing a policy framework for formulating strategy, roadmap and action plan for decarbonisation of the steel sector, a top official said on Tuesday. Speaking at an event here steel secretary Sandeep Poundrik said, "The ministry of steel is working on developing a policy framework...while covering solutions ranging from minimisation to carbon avoidance to carbon utilisation." Towards this, the ministry has constituted 14 high-powered task forces to carry out discussions, deliberations and brainstorming on various enablers for decarbonisation, with the involvement of experts and the industry stakeholders. These task forces consisted of members from industry, academia, think tanks innovators, various ministries and government departments. The inputs of the task forces have been compiled into a comprehensive document. "I am proud to present the report 'Greening the steel sector in India-Roadmap and Action Plan' as a critical milestone in our efforts to decarbonise the steel sector," he said. 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Gupta, Professor: Department of Finance and Business Economics, University of DelhiView Program Green steel refers to production of steel using green energy sources and minimising the usage of fossil fuel. The report offers a detailed analysis of the current state of steel industry and the steps required to transform it into a sustainable model. It addresses critical areas such as technological innovation, policy reforms and the financial mechanisms necessary to support this transition, the secretary said. The report explores three key policy on demand side levers, including developing taxonomy of green steel, monitoring CO2 emissions and generating market-based incentives. It also examines seven supply side levers such as energy efficiency, renewable energy, material efficiency, process transition, green hydrogen, he stressed. The report is particulary relevant in the context of challenges faced by the steel sector, including climate commitments, rising energy costs, stringent environmental regulations, and the need of technological innovation, the secretary explained. By addressing these challenges head-on, the report offers actionable insights that can help ensure the steel industry remains competitive both domestically and globally, he said. India 's steel sector accounts for 12 per cent of the country's greenhouse gas emission with 2.5 tonnes of CO2 emission per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Vedanta group firm Hindustan Zinc Ltd (HZL) on Tuesday said it has supplied zinc for the country's heaviest transmission steel pole structure weighing over 200 metric tonnes. The company said that its top-quality zinc has been used in the galvanization process for the transmission steel pole structure. The 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanisation process utilising a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The structure, designed and manufactured by Skipper Ltd, is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh, Hindustan Zinc said in a statement. View More

Hindustan Zinc Ltd has supplied zinc for India's heaviest transmission steel pole structure, weighing over 200 metric tonnes. The 400 kV dual pole structure, standing approximately 57 meters tall, is part of the Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh. The galvanization process used Hindustan Zinc's high-grade zinc ingots. View More

Vedanta group firm Hindustan Zinc Ltd ( HZL ) on Tuesday said it has supplied zinc for the country's heaviest transmission steel pole structure weighing over 200 metric tonnes. The company said that its top-quality zinc has been used in the galvanization process for the transmission steel pole structure. The 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanisation process utilising a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The structure, designed and manufactured by Skipper Ltd , is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh , Hindustan Zinc said in a statement. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia. View More

Logistics company Western Carriers (India) Ltd on Tuesday said it has fixed a price band of Rs 163 -172 per share for its Rs 493-crore initial public offering ( IPO ). The Kolkata-based company's initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia. Proceeds from the fresh issue to the tune of Rs 163.5 crore will be used for debt payment, Rs 152 crore for funding capital expenditure requirements towards purchase of commercial vehicles, shipping containers; and reach stackers, and the remaining funds towards general corporate purposes. The company said investors can bid for a minimum of 87 equity shares and in multiples thereof. Western Carriers is India's leading private, multi-modal, rail-focused, asset-light logistics company, with a customer base of 1,647 across sectors such as metals and mining, FMCG, pharmaceutical, building materials, chemicals, oil and gas, and utilities as of March 2024. Stock TradingMarket 101: An Insight into Trendlines and MomentumBy - Rohit Srivastava, FounderView Program Stock TradingMarkets 102: Mastering Sentiment Indicators for Swing and Positional TradingBy - Rohit Srivastava, FounderView Program Stock TradingMarket 103: Mastering Trends with RMI and Techno-Funda InsightsBy - Rohit Srivastava, FounderView Program Stock TradingMarket 104: Options Trading: Kickstart Your F&O AdventureBy - Saketh R, Founder- QuickAlpha, Full Time Options TraderView Program Stock TradingIntroduction to Technical Analysis & Candlestick TheoryBy - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology ExpertView Program Some of its key customers are Tata Steel , Hindalco Industries , Vedanta , BALCO, HUL , Coca-Cola India, Tata Consumer Products , Wagh Bakri, Cipla , Haldia Petrochemicals, MCPI, Gujarat Heavy Chemicals, BCPL, and DHL, among others. As of fiscal 2024, the company's revenue from operations was Rs 1,685 crore, with a profit after tax (PAT) of Rs 80 crore. JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE. (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

The ministry of road transport and highways wants high-tensile stainless steel to be used for the construction of bridges on national highways near coastal areas to combat the impact of extreme weather. This directive comes amid increasing infrastructure vulnerabilities due to climate change. View More

India is set to introduce a green steel policy and may consider government procurement of decarbonised steel, according to Steel Secretary Sandeep Poundrik. This announcement was made at an event on Tuesday. View More

India will formulate a green steel policy and will consider government procurement for decarbonised steel, Steel Secretary of India Sandeep Poundrik said at an event on Tuesday. The ministry will also consider incentivising smaller steel players in green steel production, he added. More to come. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Logistics company Western Carriers (India) Ltd is looking to raise Rs 500 crore through its initial share sale, which is set to open for public subscription on September 13. View More

Logistics company Western Carriers (India) Ltd is looking to raise Rs 500 crore through its initial share sale, which is set to open for public subscription on September 13. The Kolkata-based company's initial public offering ( IPO ) will conclude on September 18 and the bidding for anchor investors will open for a day on September 12, according to the Red Herring Prospectus (RHP). Now, the IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares by promoter Rajendra Sethia, as per the RHP. According to merchant banking sources, the company's issue size has been pegged at Rs 500 crore. In its draft papers filed in June, Western Carriers' proposed IPO involving a fresh issue of equity shares worth Rs 500 crore and an OFS component of 93.29 lakh equity shares. Proceeds from the fresh issue to the tune of Rs 163.5 crore will be used for debt payment, Rs 152 crore for funding capital expenditure requirements towards purchase of commercial vehicles, shipping containers; and reach stackers, and the remaining funds towards general corporate purposes. Stock TradingMarket 101: An Insight into Trendlines and MomentumBy - Rohit Srivastava, FounderView Program Stock TradingMarkets 102: Mastering Sentiment Indicators for Swing and Positional TradingBy - Rohit Srivastava, FounderView Program Stock TradingMarket 103: Mastering Trends with RMI and Techno-Funda InsightsBy - Rohit Srivastava, FounderView Program Stock TradingMarket 104: Options Trading: Kickstart Your F&O AdventureBy - Saketh R, Founder- QuickAlpha, Full Time Options TraderView Program Stock TradingIntroduction to Technical Analysis & Candlestick TheoryBy - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology ExpertView Program Western Carriers is India's leading private, multi-modal, rail-focused, asset-light logistics company, with a customer base of 1,647 across varied sectors such as metals and mining, FMCG, pharmaceutical, building materials, chemicals, oil and gas, and utilities as of March 2024. Some of its key customers are Tata Steel , Hindalco Industries , Vedanta , BALCO, HUL , Coca-Cola India, Tata Consumer Products , Wagh Bakri, Cipla , Haldia Petrochemicals, MCPI, Gujarat Heavy Chemicals, BCPL, and DHL, among others. As of fiscal 2024, the company's revenue from operations was Rs 1,685 crore, with a profit after tax (PAT) of Rs 80 crore. JM Financial and Kotak Mahindra Capital Company are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE. (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

JSW Infrastructure Limited has approved a capex of Rs 2,359 crore to expand capacity at Jaigarh and Dharamtar Ports. The expansion aims to increase overall capacity to 400 million tonnes per annum by FY2030. Construction is expected to be completed by March 2027, enhancing cargo handling volume significantly. View More

New Delhi: JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port . As a part of the company's FY2030 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh), a statement said. The capex plan includes mechanical, civil, and electrical work for the new berths and additional infrastructure like railway siding for Jaigarh Port to boost third-party cargo movement, it added. According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present. This expansion primarily aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making facility at Dolvi, Maharashtra, it said. The expansion at both ports is expected to generate an additional cargo handling volume of approximately 27 MTPA. Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Basics of Generative AI : Unveiling Tomorrow's InnovationsBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, Developer and Lead InstructorView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, Developer and Lead InstructorView Program FinanceFinancial Literacy - TDS, Budget, Income Tax Act, GST, Indirect taxBy - CA Rahul Gupta, CA with 10+ years of domain experience, trainerView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor at Haas School of BusinessView Program HR & People ManagementHuman Potential and the Future of EmploymentBy - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management PracticeView Program StrategyESG and Business Sustainability StrategyBy - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program FinanceFinancial Reporting and AnalyticsBy - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of DelhiView Program Construction at both ports is anticipated to be completed by March 2027. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

The Aditya Ultra Steel IPO is open from September 9 to 11, offering shares at ?59 to ?62. The company, focusing on TMT bars, reports strong revenue growth and has a subscription status of 1.60 times on the first day. View More

The stock price climbed after the company's management informed investors about its growth plans in its businesses of aluminium and stainless-steel products View More