According to the Karnataka-based diverse groups, it currently operates in renewable energy (wind and solar), shipping, pellets, gases, and mining areas.
He said, “We have got environmental withdrawal from the Ministry of Environment, Forest and Climate Change (MOEF and CC) for 3.5 tonnes of environmental impact assessment (EIA) study. The first phase of the project is expected to begin this year,” he said.
Nagraj NB said that the remaining capacity will be added to stages by 2030 in the next five years.
By 2030, India aims to reach its overall installed steel to 300 tonnes, said, adding the country's current capacity, is about 180 tonnes of mounts.
He said that the goal of the group is to contribute 10.5 tonnes to the country's 300 MT target. The proposed plant also includes provisions for 295 MW of power generation from waste gases and fuel, ensuring maximum resource use and minimum waste. In the statement, the group further stated, “Some sections of civil society had expressed concern about the ecological impact of the project.
“Therefore, the company released the findings of environmental impact evaluation conducted for the project during the design phase, which indicates measures of stability, pollution and waste-management,” it said.
