The Business Bytes
TBB BUREAU
BHUBANESWAR, APR 26, 2023
“Making steel with the use of hydrogen energy is the future of steel industry,” said Bimlendra Jha, Managing Director of Jindal Steel & Power (JSP) while addressing the symposium on “Future of Steel Making in India and Contribution of Odisha and its MSMEs as its Downstream and Ancillary”, organised by the Utkal Chamber of Commerce and Industry Ltd (UCCIL) here on Tuesday.
Attending the programme as the chief speaker, the JSP Managing Director said that with development of newer technology, steel industries would soon shed their dependency on imported coal.
In his address, Jha highlighted the importance steel in overall progress of the nation. “Steel industry has the capability of solving multiple problems of the society. It creates a new ecosystem and creates facilities to improve people’s quality of life,” he added.
Appreciating the Odisha Government’s progressive Industrial Policy, he said, “Odisha is the only state that gives capital incentive for usage of steel in Industry. The state will be able to produce the total amount of steel that India is producing now.” This will be greener and cleaner steel bringing prosperity for the state, he added.
Mentioning about the eco-friendly production of steel by Jindal Steel & Power, Jha said that coal gasification — CGP route which was introduced by JSP a decade before — is now a sought after technology around the world. The CGP also produces various value-added by-products like gasification oil, tar, ammonia, phenol and naptha.
Jha further said that though steel is an energy intensive industry, now there are ways and means to induct energy efficiency and control emission with the application of new technologies. “The emerging technologies have the potential to completely minimise emissions of carbon dioxide and turning the output to only steel and water. This will enable the country to attain Net Zero by steel industries,” said Jha. Former chairman of SAIL, Aravind Pande who graced the programme as the chief guest, lauded the contribution of MSMEs of Odisha, in successfully being partner in the steel fraternity as its downstream and ancillary. He also appreciated the contribution of the Government and of the whole Industry fraternity in bringing up the start-up and MSMEs into the mainstream steel building in Odisha.
