Nippon Steel Corporation, one of the world’s largest steel producing companies, has said that its exports to India had increased in the past years.
Taking to a group of visiting reporters here on Monday, Y. Arita of Nippon Steel Corporation said the company exported steel rails and sheets to India for manufacturing automobiles and electronic generators. “It would not be possible for me to precisely quantify the amount of increase in exports but there has been an increase,” he said.
Nippon Steel provides heat-treated heavy rails to the Delhi Metro Rail Corporation. The deal was struck for supplying rails for the second phase of Delhi Metro which has just become operational.
The rails for the first phase that became operational in 2002 were provided by some European and Indian companies. The rails supplied by Nippon Steel do not wear down easily and hence do not require frequent replacement unlike the carbon rails in which wearing occurs faster.
The Delhi Metro Rail Corporation is a joint venture of the Indian railways and the Delhi government with Japan providing the soft loan for the project, which has helped ease traffic and pollution in New Delhi.
As part of its commitment to prevent environmental pollution, Nippon Steel has introduced plastic recycling technology by the coke-oven process which converts waste plastics to chemical raw materials.
This plastic recycling is also part of the company’s efforts to be energy-efficient and produce low carbons to follow government’s commitment to reduce carbon emission by 25 per cent. Estimates show each Japanese individual produces 10 kg of plastic waste annually.
