Renewable energy could save small steelmakers Rs 2.4 crore annually

Small steel factories in India use a lot of electricity to make steel, and electricity is one of their biggest costs.

A new study says these factories could save up to Rs 2.4 crore a year by using clean energy like solar or wind power.

Clean energy also creates less pollution, which is good for the planet.

India is one of the biggest polluters in the world, and steel factories are responsible for a large part of that pollution.

The study says factories could team up and share a solar or wind farm, which makes clean power cheaper and less risky for each company.

Right now, only about 11 out of every 100 small steel factories use renewable power.

Switching is hard because it costs a lot of money, the government rules are complicated, and some places do not have good power lines.

In Gujarat, factory owners are sometimes told to cut their solar power production because the electricity grid cannot handle it.

If factories switch to clean energy, they could also avoid taxes that Europe charges on polluting steel.

So switching to renewable power would help steel factories save money and help keep the air cleaner.