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Finmin Wants Lower Energy Prices Before Decision on Green Steel Sops

Financial Express Lucknow

|

June 05, 2025

THE FINANCE MINISTRY wants green hydrogen prices to soften before deciding on financial support for production of steel using clean energy, two sources familiar with the matter said, as New Delhi seeks to control inflation and its expenditure.

Indian steel producers have been asking for federal incentives as the nation considers mandating the use of a certain percentage of green steel in government projects.

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