Jyotiraditya Scindia holds discussion with various task forces to boost green steel production

A range of issues was discussed at the meeting, including, boosting of green steel production and financing options for decarbonising the industry
Jyotiraditya Scindia holds discussion with various task forces to boost green steel production
Jyotiraditya Scindia holds discussion with various task forces to boost green steel productionX

New Delhi: Union Steel Minister Jyotiraditya M Scindia held a meeting with five task forces and discussed a range of issues, which included boosting of green steel production and financing options for decarbonising the industry, said a statement released by the Ministry of Steel on Friday.

Multifaceted roadmap for green steel production

"Held a fruitful discussion with five of our 13 task forces. Defined a roadmap to tackle inevitable challenges through a multi-pronged approach, including renewable energy uptake, skill development, incentives, and potential pathways for decarbonisation," the minister said.

The task force on Finance, led by Sunil Mehta, the Chief Executive of Indian Banks’ Association, provided valuable insights into financing options for decarbonising the Indian steel industry. Skill Development Task Force, led by Sunita Sanghi, focussed on identifying the needs for skilling, upskilling and re-skilling of manpower in the steel industry for ensuring a just transition, said the statement.

The task force on energy efficiency, led by Ashok Kumar Tripathy, an Independent director of SAIL, gave recommendations on boosting energy efficiency solutions for integrated steel plant and secondary steel industries.

The process transition task force deliberated on ways to promote the use of natural gas and syngas in direct reduced iron plants, aiming to reduce carbon emissions from these facilities by moving away from coal-based feedstock.

The meeting brought together key stakeholders, industry experts, and government officials, all deeply committed to India's vision of achieving sustainability and decarbonisation in steel production, said the statement.

The meeting was also attended by the Secretary of the Ministry of Steel, the chairpersons of these task forces and other senior officials.

The Ministry of Steel had earlier constituted 13 task forces with the engagement of industry, academia, think tanks, S&T bodies, different ministries and other stakeholders to discuss, deliberate and recommend ways to decarbonise the steel sector and promote green steel production.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com