Indian Railways, which has been striving to increase its freight cargo operations, has taken a number of decisions to attract a higher quantum of cargo. Following this, it has been able to garner additional freight that includes metals like iron ore and steel pipes, agriculture produce like sugar and chillies, construction products like fly-ash and cement, etc. Railway Board Chairman Mr VK Yadav said.
India‘s dependence on thermal power will reduce to 50% by 2021-22 and 43% by 2026-27 on the back of renewable energy (RE) capacity additions. Thermal power includes diesel, gas and coal-based electricity generation which contributes 63% of total electricity generation capacity in India as per the report.
Hindalco Industries has entered into a memorandum of understanding (MoU) with UltraTech Cement to deliver 1.2 million tonne of bauxite residue, red mud in industry parlance, annually to UltraTech’s 14 plants across seven states.
With this deal, Hindalco has become the world’s first aluminium company to achieve 100% red mud utilisation across three of its refineries. The initiative is in line with the company’s objective of achieving a sustainability-first approach to business. It will help Hindalco achieve a circular economy where waste of one industry us used as an input in another industry.
Steel Recycling Business, a division of Tata Steel, has launched FerroHaat, a first-of-its-kind mobile application, to source steel scrap from the traders. The new app is a major step by the company to organise India’s scrap market while also providing a reliable source of scrap metal for the steel Industry.