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Essar Green Steel Setting Benchmark For Sustainable Growth

In addition to the green steel initiative, leaders in the steel industry embrace digital technologies such as IoT, AI, and Blockchain to stay competitive. Despite various reactions to Essar NCLT, the company remains uninterrupted and continues its growth and expansion focusing sustainability.

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Essar Green Steel Setting Benchmark For Sustainable Growth

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  1. Essar Green Steel: Setting Benchmark For Sustainable Growth

  2. The steel industry is growing dynamically driven by the growing global construction industry, rapid industrialization, and quicker infrastructure development, especially in developing nations. According to the report published by Markets and Markets, the global iron and steel market size was worth USD 1,599.4 billion in 2022 and is expected to reach the USD 1928.6 billion mark by 2027, growing at a CAGR OF 3.8% during the forecasted period. With positive signs of exponential growth in the future, the leading players in the steel industry like Essar Group, have revamped their approach by incorporating sustainability measures.

  3. Pioneering Sustainable Practices With an innovative vision to efficiently address modern supply chain challenges, leading players including Essar are following the path of sustainability to unlock new growth opportunities in the steel sector. Let’s evaluate how the company is advancing on this path. Essar Green Steel - Commitment to Manufacturing Steel with Renewable Energy Aligning with its strategy to reduce carbon emissions, the company is all set to invest USD 4.5 billion in building a low-carbon steel plant in Saudi Arabia. Post getting the final approval, the collaboration will help access green energy and carbon-free energy storage solutions; thereby strengthening the company’s commitment towards a low carbon footprint. In addition to the green steel initiative, leaders in the steel industry embrace digital technologies such as IoT, AI, and Blockchain to stay competitive. Despite various reactions to Essar NCLT, the company remains uninterrupted and continues its growth and expansion focussing sustainability.

  4. Innovations in Technology The strategy of Essar Group lies in innovation and thus has been continuously investing in new technology and infrastructures. In the steel space, the company will adopt advanced manufacturing technologies resulting in higher production and improved efficiency.

  5. Thank You For Your Attention Read More:- https://www.nairaland.com/8233803/essar-green-steel-setting-benchmark#132335025

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