Tuesday, September 04, 2007

Steel Authority Of India Limited (SAIL)

Iron & steel is the SAILlargest energy consuming sector, devouring around 15% of world energy. Carbon trading is one of the major means to curb consumption, where SAIL is also launching huge projects. India is seen as one of the most attractive destinations for CDM (clean development mechanism) linked investments. According to Ernst & Young estimates, over 2,006 Indian companies have made revenues of about Rs.15 billion in carbon trading, a stupendous achievement. SAIL is taking the right step by collecting carbon credits for itself. After all, the future belongs to green business, and SAIL, for one, would be fancying its chances to take the lead.
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Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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