Rails produced by Jindal Steel and Power Ltd (JSPL) at its Rail Mill at Raigarh manufacturing unit in Chhattisgarh.
| Photo Credit: PTI
Jindal Stainless Ltd. (JSL), India’s largest stainless steel producer stated it’ll lead in mitigating corrosion by selling using stainless steel to construct sustainable infrastructure within the nation.
Claiming that 4% of the GDP will get “wasted through corrosion”, a high firm official stated even 25% discount in corrosion could be an enormous saving.
“As per research, and experts present here, about 4% of the GDP gets eroded because of corrosion in India every year,” stated Vijay Sharma, Director, JSL stated on the sidelines of International Summit on Corrosion Technology and Management (CORTEM) 2024, a world occasion organised by the Confederation of Indian Industry (CII) in Mumbai. “This is equivalent to about ₹12 lakh crore,” he added.
CORTEM is part of CII’s ‘National Mission on War against Corrosion’ unveiled final 12 months.
The summit emphasised the significance of corrosion prevention and management for sustainable improvement.
“Can corrosion be reduced by finding the right sustainable solution? Yes, Stainless steel is a viable solution. Around 25% or so can be saved by adopting various methods,” Mr. Sharma stated.
“Jindal Stainless is sensitive towards this. We have got into an MoU with the CII. We have created seven task forces to look into every aspect of corrosion reduction,” he added.
This MoU is to coach, construct capability, and develop expertise, supported by governmental our bodies and academic establishments.
The official stated stainless steel demand is predicted to develop 5 folds within the subsequent 20 to 25 years due to growing consciousness about sustainability and authorities’s deal with constructing sustainable infrastructure.
“Today India consumes 4 million tons per annum which will go up to 20 million by 2047. Besides organic growth, now there are some inorganic growth trigger points in it, which were not there before. Renewable energy, defence, aerospace and opportunities in the blue economy were not there before,” Mr. Sharma stated.
