News Update
🔸As per media sources, the government is developing a Rs 15,000 crores Green Steel Mission, which will have a component such as the Production Linked Incentive Scheme (PLI) for Green steel, incentivizing renewable energy usage, and mandatory green steel purchase for government bodies.
🔸This will aim at decarbonizing the domestic steel industry.
Our View
🔸The PLI scheme will support these companies in adopting advanced green technologies, reducing their reliance on traditional energy sources, and lowering production costs in the long term.
🔸Additionally, mandatory green steel procurement by government bodies ensures a stable domestic market, providing revenue security and encouraging investment in capacity expansion.
🔸Thus, this Green Steel Mission is poised to benefit the domestic steel industry, particularly major players like JSW, Tata Steel, JSPL, and SAIL, who have already announced investments in this space.
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer
🔸As per media sources, the government is developing a Rs 15,000 crores Green Steel Mission, which will have a component such as the Production Linked Incentive Scheme (PLI) for Green steel, incentivizing renewable energy usage, and mandatory green steel purchase for government bodies.
🔸This will aim at decarbonizing the domestic steel industry.
Our View
🔸The PLI scheme will support these companies in adopting advanced green technologies, reducing their reliance on traditional energy sources, and lowering production costs in the long term.
🔸Additionally, mandatory green steel procurement by government bodies ensures a stable domestic market, providing revenue security and encouraging investment in capacity expansion.
🔸Thus, this Green Steel Mission is poised to benefit the domestic steel industry, particularly major players like JSW, Tata Steel, JSPL, and SAIL, who have already announced investments in this space.
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer