Essayer OR - Gratuit
Govt leans on PSUs to boost consumption of green steel
Mint Mumbai
|May 02, 2025
The Centre aims to provide an assured market for steel producers under the proposed plan
The government is looking to make public sector undertakings (PSUs) the drivers of India's green steel revolution by nudging them to become the first buyers of eco-friendly steel produced in the country.
According to two people aware of the matter, the steel ministry has written to various infrastructure- and industry-focused ministries, asking them to nudge the PSUs under their administrative control to be the first procurers of green steel being rolled out by the domestic industry after the government finalised the green steel taxonomy in December 2024.
Green steel, produced using sustainable manufacturing practices, will be 10-15% more expensive than existing varieties. The plan to involve PSUs in driving its consumption is aimed at encouraging other steel consumers to start buying less-polluting steel.
Cette histoire est tirée de l'édition May 02, 2025 de Mint Mumbai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Mumbai
Mint Mumbai
In India's car labs, Chinese models new benchmark
Walk into the vehicle development centre of any major Indian carmaker and you'll find dozens of rival cars stripped to their bones, engineers poring over every exposed circuit, nut and wire. Such 'benchmark-ing' helps companies understand why some models work while others don't, track technology trends, and plan their own vehicle roadmaps.
2 mins
November 17, 2025
Mint Mumbai
Insurance merger plan gets new life
Centre weighs consolidating National, Oriental, United
3 mins
November 17, 2025
Mint Mumbai
India's telecom spectrum: Who actually owns it?
On 13 November, the Supreme Court reserved its order on how spectrum held by Aircel and Reliance Communications (RCom) will be treated under their insolvency proceedings. The decision will bring clarity on whether spectrum can be sold to recover dues. Mint. explores.
2 mins
November 17, 2025
Mint Mumbai
Why are India's rich finally protesting for a better life?
They stood holding English placards, some of which even had commas.
4 mins
November 17, 2025
Mint Mumbai
BJP FACES TWO TESTS: ELECTORAL & FISCAL
The mammoth win in Bihar is done and dusted. Can the Bharatiya Janata Party (BJP) now break into regional bastions in the upcoming state polls in 2026, and can it continue hiking welfare spending to garner votes?
4 mins
November 17, 2025
Mint Mumbai
Resilience spells hope as uncertainty reigns high
As trade-policy turmoil prolongs global uncertainty on an IMF index, we have some bright spots too. India should consider shifting focus from supply-side policies to demand stirrers
2 mins
November 17, 2025
Mint Mumbai
IFC, two others may pick 49% in green H₂ maker Hygenco
The World Bank's International Finance Corp. (IFC), Munich-headquartered Siemens AG, and Singapore's Fullerton Fund Management may acquire at least 49% in Gurugram-based green hydrogen manufacturer Hygenco Green Energies Pvt. Ltd, two people aware of the development said.
4 mins
November 17, 2025
Mint Mumbai
DO YOU OWN PAPER OR GOLD? THE CRITICAL FINE PRINT ON SGBS
Ow Bertie is quite chuffed that he owns Sovereign Gold Bonds (SGBs).
2 mins
November 17, 2025
Mint Mumbai
Financial sector’s report card reveals regulatory gaps
The quinquennial report cards on India’s financial sector have been issued and they present a disturbing picture.
3 mins
November 17, 2025
Mint Mumbai
NEW WAVE OF TECH IPOs LEAVES RETAIL INVESTORS AT RISK
The Indian stock markets are bracing for another wave of what the fashionable set calls 'digital IPOs'.
3 mins
November 17, 2025
Listen
Translate
Change font size