The Business Bytes
TBB BUREAU
BHUBANESWAR, DEC 2, 2022
Runaya, India’s first sustainability solutions company specifically for the mining sector, launched a new range of products under the brand name RubiQ and RucaL Green designed to enable green manufacturing for the Indian steel industry at the Make in Odisha Conclave 2022. These products are certified to consume only around 10 per cent of the carbon consumed by many other products available in the market.
Both RubiQ and RucaL Green are used as Steel Slag conditioners in steel making. The benefits include reduction of process time, improvement in finished goods quality and reduced corrosion of plant equipment.
From L to R: Nitin Tiwari, COO-Vedanta; Sunil Gupta, CEO-Vedanta, and Jagannath Prasad, COO-Runaya
The new range of products, RubiQ and RucaL, will be used in steel slag conditioning and, more specifically, to maintain basicity and achieve desulphurisation, improving alloy recovery. These Runaya briquettes primarily comprise of Alumina, metallic aluminium, and other active aluminium compounds. Runaya briquettes are already being used by the largest steel companies in Odisha and around the world, more and more as the sector races towards carbon neutrality.
RubiQ and RucaL Green have been designed to deliver consistent performance. Runaya has deployed a licensed technology through which the production of input materials is done in-house, ensuring consistent quality. This process is part of Runaya’s push towards enabling sustainable mining in India and Odisha. The process is zero-waste and zero-discharge.
At the current scale, Runaya is preventing 40,000 tons of waste from entering landfills in Odisha. Through innovation and new technology, the target is 250,000 tons within 3 years. To successfully make this product green, Runaya has deployed renewable energy at their facilities in Jharsuguda.
Commenting on the products, Runaya Co-founder Annanya Agarwal said, “Today, we are officially launching our new products, RubiQ and RucaL Green, to enable the steel industry to improve its sustainability performance. This product is designed to deliver productivity to steel makers, but through Green Technology. We are extremely excited to continue to provide solutions for companies looking to make sustainable change.”
Agarwal called Odisha its home and thanked Odisha Chief Minister, IPICOL and State Pollution Control Board for supporting start-ups like Runaya to be able to operate, grow, and revolutionise the resources sector.
Runaya, founded in 2018 by Naivedya Agarwal and Annanya Agarwal, the next generation of entrepreneurs from the Vedanta group, leverages its relationship with global players (for accessing technology), and strong management capabilities, to drive technology-laden growth for the manufacturing sector in India.
