India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The Spanish government has approved a €600 million subsidy package to support energy-intensive industries, including the steel, aluminum, and chemical sectors, to help them cope with high energy costs and accelerate the shift toward cleaner production.
The aid, announced by Spain’s Ministry for Ecological Transition, will be distributed over the next two years to companies that meet energy efficiency and decarbonisation criteria. The program aims to reduce electricity expenses, promote renewable energy integration, and strengthen industrial competitiveness amid Europe’s ongoing energy transition.
The subsidies will prioritize industries investing in green hydrogen, electrification, and emission-reduction technologies. Beneficiaries are also expected to commit to sustainability reporting and transparency requirements under EU state aid rules.
Spain’s industrial associations have welcomed the initiative, calling it crucial to safeguard jobs and production in sectors vulnerable to global competition and rising energy prices.
This move aligns with the European Union’s broader goal to reduce carbon emissions by 55% by 2030, while ensuring that energy-intensive industries remain viable during the green transformation.
Also Read : Brookfield plans $1-2 bn sale of 1.6 GW clean energy assets in India NHPC Ltd collabs with Norwegian company for Floating Solar Energy Technology in India
Assam's finance minister, Ajanta Neog, unveiled the state's ₹774.47 cr deficit budget for the 2024&n...
Notification 13-Feb-2024
SC halts Bhushan Power liquidation. JSW Steel gets review opportunity. Major boost for corporate i...
Press Releases 26-May-2025
Washington is willing to invest in Vietnam's chip sector to strengthen supply chains, and the countr...
USA 29-Jan-2024
US tariffs on Chinese steel have redirected global trade flow, raising concerns for Indian producers...
Business 17-Apr-2025
The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanct...
Business 13-Mar-2024
Steel Authority of India Powers Iconic J&K Rail Bridges The Steel Authority of India Limited (S...
Large Corporate 09-Jun-2025