Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Vedanta Ltd, an Indian metals-to-oil conglomerate, will no longer add coal-fired capacity, according to its CEO, in the company's most significant shift towards renewable energy yet.
According to a Reuters interview with John Slaven, Vedanta Aluminium, the nation's largest metal producer, wants to use 30% more renewable energy by 2030 compared to its current usage of roughly 5%. The company's capacity to generate coal-based power is currently 4.8 GW.
Slaven stated that the business was getting supplies of 1.3 GW of renewable energy from Serentica Renewables in India, which is a combination of wind and solar electricity. India is the third-biggest emitter of greenhouse gases globally. Approximately half of India's 443 GW installed power capacity is derived from coal.
Although India seeks to cut greenhouse gas emissions and boost the share of non-fossil fuels in electricity generation, Prime Minister Narendra Modi's government has defended the country's reliance on coal, citing growing energy requirements in the world's most populous country. India has tried to attract private investment to help boost coal-fired power generation capacity by 80 GW by 2032.
Also Read : Lenders expect to approve Vedanta demerger by May end Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price
According to JSW Steel filing, company's consolidated crude steel production in April remained almos...
Large Corporate 13-May-2024
According to a report published by the Council on Energy, Environment and Water (CEEW), the aluminiu...
Non-Ferrous 06-May-2024
China's CMOC Group has become the world's largest cobalt producer, surpassing Glencore, thanks to it...
China 19-Feb-2024
The United States is trying to help India negotiate lower prices for Russian oil as it deepens sanct...
Business 13-Mar-2024
Battery maker Eveready Industries India reported a 55% jump in third-quarter profit on Tuesday, help...
Raw Material 06-Feb-2024
NMDC iron ore production rose 89% YoY in May 2025.Total production was ...
Business 03-Jun-2025