By Suryash Kumar
Copyright indiatimes
ReutersSteel Authority of India Limited (SAIL)
Upcoming projects by Steel Authority of India Limited (SAIL) will integrate green technologies, efficient logistics and customer-centric solutions, company chairman and managing director Amarendu Prakash said Tuesday. Addressing shareholders during the company’s 53rd Annual General Meeting (AGM), he said SAIL is advancing its green steel journey through hydrogen-based steelmaking trials, carbon capture, utilization and storage (CCUS), biochar injection, and renewable energy initiatives.“Investments in modernization, automation, artificial intelligence, and data-driven decision-making will transform the way we operate,” Prakash said while adding SAIL will diversify into sunrise sectors such as renewable infrastructure, defence, and electric mobility.Commenting on the steel sector, he said the past year has been one of both challenges and opportunities.“On the global front, the steel industry witnessed slower growth due to subdued demand in major economies, coupled with issues such as trade barriers, rising imports, and environmental regulations,” Prakash added.According to the chairman, the Indian economy stood out as a bright spot with infrastructure, housing, defence, renewable energy, and manufacturing receiving strong policy support.Live Events“India remained the second-largest steel producer and one of the fastest-growing steel markets in the world,” he added.SAIL is currently India’s second largest steel producer by volume. Prakash said the company is expanding crude steel capacity from currently around 19 million tonnes to around 35 million tonnes by 2030–31. This is in line with the National Steel Policy 2017.Sharing the public sector undertaking’s decarbonisation roadmap, Prakash said SAIL is planning Hydrogen-based steelmaking trials under the National Green Hydrogen Mission. In addition to these, carbon capture, utilization, and storage projects in collaboration with leading technology providers and institutes are on the cards. Also on the anvil is the use of biomass-based alternatives such as biochar in sintering and blast furnace operations.The chairman also listed enhanced renewable energy usage through floating solar, rooftop solar, and bagasse-based power among initiatives.Besides supplying steel to mega projects like metros, expressways, bridges, and renewable energy infrastructure, SAIL is also going for a retail push. “Our brands like SAIL SeQR TMT and NEX Structurals are also strengthening their presence,” he added.Add as a Reliable and Trusted News Source Add Now!
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