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India Expansion, Cost Cuts, Green Steel And AI Push: Key Takeaways From Tata Steel's AGM
Tata Steel's 119th AGM reaffirmed its India growth strategy, with plans to expand steelmaking capacity beyond 40 MTPA, target Rs 7,140 crore in FY27 cost savings and accelerate its transition to lower-carbon steelmaking in Europe.
Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sector
The Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to slash carbon emissions. Titled the National Strategy for Sustainable Secondary Steel, the initiative will benefit all steel producers, with a significant portion allocated to smaller players. This move aligns with India's net-zero commitments, addressing the steel sector's substantial contribution to greenhouse gas emissions.
Hindustan Zinc signs MoU to explore green hydrogen for mining operations
Hindustan Zinc is pioneering green hydrogen adoption for underground mining, partnering with Advantek Associates and Aero Eagle Automobiles. This initiative aims to slash carbon emissions and transition towards low-carbon, future-ready operations. The collaboration will explore hydrogen fuel cells and H2-ICE technologies, positioning the company as a leader in sustainable mining solutions and aligning with its Net Zero 2050 goal.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
Five Stocks To Buy: Adani Energy, Adani Green, Gland Pharma And More | June 08, 2026
Top picks include power transmission major Adani Energy Solutions, renewable energy giant Adani Green Energy, pharma player Gland Pharma, automotive major Ashok Leyland, and carbon materials manufacturer Himadri Speciality Chemical.
India lacks adequate scrap supply, only 25% steel demand can be met through scrap-based production: Former Steel Secy
India's steel sector grapples with limited scrap for green production. Only 25 percent of steel demand is met by scrap-based manufacturing. Deteriorating iron ore quality further complicates efforts. The nation is exploring green steel through pilot projects and government missions. A Carbon Credit Trading System is expected to drive emission reductions. India's crude steel output is growing significantly.