India, Jan. 29 -- SMPL

New Delhi [India], January 29: India's remarkable achievement in renewable energy capacity addition, which saw a 113% increase in 2024 with 30 GW of new installations, has created significant opportunities for the stainless-steel sector. The nation's successful deployment of rooftop solar initiatives, resulting in 4.59 GW of new capacity and the installation of 7 lakh rooftop solar units in just 10 months under the PM Surya Ghar Free Bijli Yojana, along with the wind sector's addition of 3.4 GW capacity, signals a transformative phase for specialized steel applications.

With the massive growth of India's renewable energy market, which now has a record high capacity of 218 GW installed, the industry is facing unpre...