Tata Steel is aligning its India decarbonisation plan with a “tap the scrap” strategy, leaning on steel recycling to move toward a circular economy. With India facing a deficit in ferrous scrap, the company’s high-stakes recycling business could reshape how steel is sourced and produced—while supporting its goal of greener operations by 2030.
Small and medium aluminium recyclers have asked the PMO to remove the 2.5% import tax on aluminium scrap, citing surging costs and tight global supplies. They say the duty blocks access to reliable imported material, weakening their competitiveness and slowing downstream manufacturing. India’s secondary aluminium sector depends heavily on such imports, making the tax a key pain point.
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Hyderabad startup Recykal is taking on India’s USD 100 billion, largely informal, cash-driven waste management market with a B2B digital marketplace. By enabling the sale and purchase of recyclables, it helps companies like Coca-Cola, Marico and Nykaa move toward plastic neutrality. Backed by investors including Morgan Stanley and Circulate Capital, Recykal is trying to make waste trading traceable and efficient.
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