Private steel major Tata Steel has replaced the use of furnace oil with piped natural gas at its ferro alloys plant in Jajpur district of Odisha, a company statement said in Jamshedpur on Thursday.
The steel major had signed a memorandum of understanding with Bharat Petroleum Corporation Ltd. for long-term supply of piped natural gas.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
According to the MoU, BPCL will supply the agreed quantity of natural gas through its pipeline to the ferro alloys plant. The transition will substantially reduce the plant's carbon footprint and lower greenhouse gas emissions.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The sustainability initiative will help the company significantly reduce its carbon footprint and contribute to India's journey towards a greener industrial future.
The plant, operating under the Ferro Alloys and Minerals Division of Tata Steel, has installed a PNG facility and will use the cleaner fuel for preheating the chrome ore that is used for producing chrome ore briquette, the statement stated.
Inaugurating the PNG facility, Pankaj Satija, executive-in-charge, FAMD, said, "Natural gas burns cleaner than furnace oil, producing significantly less harmful emissions especially in the context of high sulphur content of furnace oil. By replacing furnace oil with PNG, we aim to contribute to the nation's effort in mitigating the effects of global warming and moving towards options of lower carbon footprint."
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
