The domestic steel industry, reeling under high input costs, dipping domestic demand and rising interest rates has demanded that the government expressly place steel on the negative list in the Com
Calcutta, July 10: Work on Bengal’s largest industrial venture is likely to get under way in October as the Jindals and the Mamata Banerjee government have resolved differences over the Rs 35,000-c
The environmental performance of the Indian iron and steel industry is poor, according to the latest indices released by the Green Rating Project of the Centre for Science and Environment. On a scale of 10 (the theoretical best), the global best practitioners score eight, while the Indian leaders score only two. The steel industry, if it chooses to ignore this index, will be an outlier.
When the green rating results of steel sector were released recently by CSE, industry was quick to pass the buck on poor quality of Indian raw materials and other obscure and ‘uncontrollable’ technical factors. But are they the only reasons leading to poor performance? Surely not. As the two-year survey reached final stages, a much deeper and hitherto unexplored reason emerged in the form of misaligned organisational behaviour, culture and functioning.
