Kolkata: Shyam Steel, an leading player in the TMT Bar industry, proudly declares its latest milestone: the prestigious GreenPro Certification conferred by the Confederation of Indian Industries – Green Products and Services Council for its product lines, Fe 500D (GPSSM345002) and Fe 550D (GPSSM345001). This noteworthy acknowledgment underscores Shyam Steel’s unyielding commitment to sustainability and the delivery of top-tier products.
Crafted with precision at the Angadpur plant in West Bengal for Fe 500D (GPSSM345002) and the Mejia plant in West Bengal for Fe 550D (GPSSM345001), these products have exceeded the rigorous criteria established by the GreenPro Certification. This accomplishment solidifies Shyam Steel’s dedication to not just meeting but surpassing the demanding environmental standards outlined by the CII-Green Products and Services Council.
Lalit Beriwala, Director of Shyam Steel Industries, expressed, “The acquisition of the esteemed GreenPro Certification signifies a monumental feat for Shyam Steel. It underscores our commitment to manufacturing environmentally responsible steel products, reinforcing our dedication to surpassing stringent environmental standards while delivering top-notch products.” The steel industry, facing escalating pressure to adopt eco-friendly practices, recognizes this through certifications like the GreenPro Certification recently bestowed upon Shyam Steel by the CII-Green Products and Services Council. Mr. Beriwala emphasized further, stating, “The trajectory toward green steel isn’t a matter of if, but when. Governments worldwide are intensely focused on lowering carbon emissions, leading to the emergence of carbon markets and frameworks.”
This certification underscores the company’s commitment to environmentally sustainable manufacturing practices. Fe 550D and Fe 500D represent significant strides towards a sustainable future. In adhering to the high environmental benchmarks set by the CII-Green Products and Services Council, these products play a vital role in building a greener, more sustainable world while ensuring the highest quality for customers. Advocating policy measures supporting green steel, Shyam Steel emphasizes the importance of incentives for technologies generating carbon credits. The company is eyeing investments in innovative steelmaking technologies such as solar and hydrogen-based methods to reduce production costs and enhance sustainability.
While immediate consumer demand for green steel in India remains limited, Shyam Steel, with over seven decades of experience, anticipates a shift towards institutional demand in the future. The Steel Ministry’s exploration of government procurement for green steel signals a potential shift, necessitating adequate financing support. Regarding India’s stance in global debates like the Carbon Border Adjustment Mechanism (CBAM) in Europe, Shyam Steel supports investments in green assets while seeking financing from developed nations to strengthen green energy initiatives.
Shyam Steel remains steadfast in its commitment to sustainability as an integral part of its ethos. This achievement reinforces the company’s ongoing dedication to innovation and eco-friendly practices within the steel manufacturing sector. The continuous efforts remain focused on developing products that not only meet the highest industry standards but also significantly reduce the environmental footprint.
