BENGALURU: Smaller steel companies responsible for nearly 40% of India's crude steel production could cut their electricity bills by about a third while sharply reducing carbon emissions by switching to renewable energy, according to a report released Wednesday.
The report, "Powering India's Secondary Steel Transition," found renewable electricity could reduce annual power costs by about 22 million to 24 million rupees ($250,000 to $275,000) per unit, or up to 34%.
