EPFO’s Claim Settlement Reforms: A Boon for Over 7.7 Crore Members

The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has announced 2 major simplifications to its claim settlement process. These changes aim to enhance the ease of living for over 7.7 crore EPF members and also ease the operational burden on employers.

Key Reform 1: No More Uploading of Cheque Leaf or Attested Passbook

Earlier, EPF members had to upload an image of their cheque leaf or an attested copy of their bank passbook when applying for claims. This process often led to complications such as claim rejections due to blurred, incomplete or unreadable uploads. Now, this requirement has been scrapped altogether.

According to official estimates, this step alone is expected to benefit around 60 million members instantly. It not only improves user experience but also reduces the volume of grievances related to rejected claims.

Key Reform 2: Bank Seeding Approval No Longer Required from Employers

Another significant change is the elimination of the need for employer approval when seeding bank account details with the Universal Account Number (UAN).

During the financial year 2024-25, approximately 13 million EPFO members submitted requests to seed their bank accounts. These requests had to undergo a verification process and then await employer approval, which typically took up to 16 days. The approval stage created a bottleneck, adding workload for employers and delaying the claim process for employees.

With the employer approval requirement now removed, EPFO expects a smoother and faster seeding process, thereby accelerating overall claim settlement timelines.

Current Status of Bank Seeding and Pending Approvals

As of now, out of the 77.4 million EPFO members making monthly contributions, 48.3 million have already seeded their bank accounts with their UAN. However, 1.49 million requests are still pending at the employer’s end. The recent reform is poised to clear such backlogs by removing the intermediary step of employer validation.

Objective Behind the Reforms

The underlying aim of these changes is to create a more efficient and member-centric EPF system. By cutting down on redundant paperwork and digital uploads, and reducing employer dependency, the EPFO is taking strides toward quicker claim settlements and minimal grievance redressal delays.

Conclusion

These reforms reflect the government’s broader push towards digital transformation and administrative ease in public service delivery. By streamlining the claim settlement process, EPFO is likely to make a significant difference to millions of working individuals who rely on their provident fund contributions as a vital financial resource.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

No More Aadhaar Photocopies! India’s New Aadhaar App Makes ID Verification Super Easy

In a landmark move to enhance digital identity accessibility and security, the Indian government, under the leadership of Union Minister Ashwini Vaishnaw, has launched a next-generation Aadhaar app. This application aims to eliminate the dependence on physical documents and streamline the verification process for Indian citizens.

Built in collaboration with the Unique Identification Authority of India (UIDAI), the app integrates Face ID technology and artificial intelligence (AI) to provide seamless, real-time Aadhaar authentication.

Key Features of the New Aadhaar App

The newly launched Aadhaar mobile application comes equipped with cutting-edge features to simplify the user experience while ensuring robust security:

  • Face ID-Based Authentication: The app uses facial recognition technology to verify a user’s identity in real time, reducing the need for manual checks or physical documents.

  • QR Code Verification: Just like scanning a QR code for a UPI transaction, users can now verify their identity instantly at various service points.

  • User Consent-Based Sharing: The app allows Aadhaar holders to control what data they share and with whom, maintaining full ownership over their personal information.

  • No Need for Physical Cards: The app is entirely digital, eliminating the necessity to carry photocopies or physical Aadhaar cards.

Aadhaar Verification Simplified: Like Making a UPI Payment

Union Minister Ashwini Vaishnaw compared the verification process of the new Aadhaar app to the ease of a UPI transaction. Citizens can simply scan a QR code at designated points using the app, and their identity will be verified on the spot through facial recognition.

This instant, secure exchange of information marks a major shift from the traditional method of handing over Aadhaar photocopies at hotel receptions, airports, shops, or during official verifications.

Empowering Citizens with Data Privacy

One of the most significant advantages of the app is its focus on user privacy. Unlike physical documents that can be easily copied or misused, the new Aadhaar app ensures that information is shared digitally and only with the user’s explicit permission.

This development is expected to instil greater confidence in citizens regarding the protection of their personal data and reduce the risks of identity theft.

Conclusion

Currently in its Beta testing phase, the Aadhaar app is expected to be launched nationwide soon. The ministry aims to ensure that the application is both user-friendly and accessible across various digital platforms.

With the widespread rollout, Aadhaar authentication is set to become faster, more secure, and entirely paperless—bringing India one step closer to becoming a digitally empowered society.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

What is a Primary Dealer (PD) and Why Shriram Finance is Eyeing a PD Licence

Primary Dealers (PDs) play a vital role in the Indian financial ecosystem by acting as intermediaries in the government securities (G-sec) market. They underwrite the issuance of G-secs, treasury bills, and cash management bills on behalf of the Government of India. Essentially, PDs are the market-makers for these securities, ensuring liquidity and price discovery in the primary and secondary markets.

Often referred to as “merchant bankers to the government,” PDs are the only entities authorised to underwrite primary issues of dated government securities. Their participation supports the smooth functioning of the debt market and stabilises yields through active bidding in auctions.

Evolution of the PD System in India

The Reserve Bank of India (RBI) introduced the Primary Dealer system in 1995, initially allowing independent entities to engage in PD activities. Over time, the system expanded to include banks, which were allowed to conduct PD operations within their institutions starting from 2006–07.

To ensure wider participation and greater stability in the G-sec market, RBI allowed standalone PDs to diversify into other financial services beyond core PD activities, subject to regulatory oversight and compliance.

Shriram Finance’s Strategic Move

According to a recent news report, Shriram Finance, one of India’s largest non-banking financial companies (NBFCs), is seeking a standalone PD licence from the Reserve Bank of India. If approved, this would mark a significant development as Shriram Finance would become one of the few non-bank entities to receive such a licence in recent times.

The company has a substantial investment book and is looking to build capabilities in trading government securities. This aligns with the PD business model, which is typically characterised as a low-margin but zero-risk operation, owing to the sovereign backing of the securities involved.

Key Corporate Update

Last week, Shriram Finance informed stock exchanges that it has received the RBI’s nod to acquire 100% equity in Shriram Overseas Investments (SOIPL) from Shriram Investment Holdings. Following this acquisition, Umesh Revankar and Parag Sharma have been appointed as directors on the board of SOIPL—potentially signalling strategic shifts aligned with the pursuit of the PD licence.

Why PD Licence Matters for Shriram Finance

The licence would enable Shriram Finance to:

  • Underwrite auctions for government securities
  • Strengthen its presence in the fixed-income space
  • Leverage its investment book to build trading expertise
  • Diversify its financial services portfolio

While the PD business may not promise large profit margins, it offers stability, credibility, and regulatory recognition, making it an attractive proposition for a large NBFC like Shriram Finance.

Existing PDs in India

As of now, India has 7 standalone PDs and 14 bank-affiliated PDs.

Standalone Primary Dealers:

  • ICICI Securities Primary Dealership
  • Morgan Stanley India Primary Dealer
  • Nomura Fixed Income Securities
  • PNB Gilts
  • SBI DFHI
  • STCI Primary Dealer
  • Goldman Sachs (India) Capital Markets

Bank Primary Dealers:

RBI has remained selective in issuing PD licences, and the criteria include being registered as an NBFC for at least 1 year before application submission.

Conclusion

The pursuit of a PD licence by Shriram Finance reflects its ambition to expand into the domain of government securities trading and establish itself as a trusted intermediary in the public debt market. With the RBI’s cautious approach to granting PD licences, the outcome will be closely watched across the financial sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Atmanirbhar Bharat Push: Government Notifies ₹22,919 Crore Scheme to Boost Domestic Electronics Manufacturing

In a major boost to the vision of Atmanirbhar Bharat, the government has notified a ₹22,919 crore incentive scheme to strengthen India’s domestic electronics manufacturing capabilities. The scheme covers a broad range of critical components, including camera modules, displays, lithium-ion cells for digital devices, non-surface mount devices, and multi-layer printed circuit boards (PCBs).

Launched by the Ministry of Electronics and Information Technology (MeitY), the scheme is expected to become operational within the next 2 to 3 weeks. Union Electronics and IT Minister Ashwini Vaishnaw confirmed that the operational guidelines are being finalised following consultations with industry stakeholders.

Towards a Self-Reliant Electronics Ecosystem

This scheme marks a significant step in completing the electronics manufacturing trifecta that underpins an Atmanirbhar Bharat:

  1. Semiconductor fabrication
  2. Semiconductor component production
  3. Manufacturing of finished electronics goods such as smartphones, laptops, and IT hardware

Minister Vaishnaw highlighted India’s evolving manufacturing landscape, noting that over 400 electronics production units have emerged across the country. This journey has transitioned from the assembly of finished goods to the localisation of core components—a milestone for India’s self-reliance journey in the tech sector.

Exponential Growth in Electronics Output and Exports

India’s electronics industry has recorded commendable growth. The sector saw a compound annual growth rate (CAGR) of 17% in production, while exports registered a higher CAGR of 20%.

Smartphone exports alone crossed ₹2 trillion last financial year, with Apple’s iPhone accounting for nearly ₹1.5 trillion. This reflects the growing role of India in global electronics manufacturing.

Overall, electronics product exports—including mobile phones—grew by 54% year-on-year, positioning them among India’s leading export categories.

Incentive Framework for Manufacturers

Spanning 6 years with an optional one-year gestation period, the scheme offers incentives under 2 models:

Turnover-Based Incentive:

This is tied to net incremental sales of eligible components over a base year, encouraging firms to scale up local production.

Capital Expenditure (Capex)-Based Incentive:

Firms will qualify based on meeting investment thresholds, beginning commercial production, and promoting infrastructure development and capacity expansion.

Both greenfield and brownfield projects are eligible, with separate applications required for each product segment.

Strengthening Atmanirbhar Bharat Through Institutional Support

To oversee the scheme, a governing council chaired by the IT secretary will be formed, with representation from key government departments including:

  • Department of Expenditure
  • Department of Economic Affairs
  • Department for Promotion of Industry and Internal Trade
  • Department of Telecommunications
  • Ministry of Heavy Industries

The council will evaluate reports from the project management agency and offer recommendations for approving applications and releasing incentives.

This multi-agency coordination is expected to ensure transparent execution and alignment with the broader goal of Atmanirbhar Bharat.

Conclusion

The notification of the ₹22,919 crore electronics component manufacturing scheme underscores India’s commitment to building a self-reliant, globally competitive electronics industry. By nurturing domestic capabilities in core component manufacturing, India is taking a definitive stride toward achieving Atmanirbhar Bharat, reducing import dependency, and strengthening its position in the global supply chain.

The scheme is set to create new opportunities for manufacturers, generate employment, and catalyse innovation in India’s electronics sector—laying the foundation for long-term economic resilience.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ashoka Buildcon Sells 51% Stake in Renewable Energy Arm Prakashmaan

Ashoka Buildcon Limited, a major infrastructure firm based in India, has announced a significant strategic move involving its renewable energy portfolio. 

In an official disclosure to stock exchanges, the company confirmed the sale of a majority stake in its wholly owned subsidiary, Prakashmaan Renewable Energy Private Limited, marking a shift in ownership structure and business alignment.

Strategic Divestment for Operational Focus

On 8 April 2025, Ashoka Buildcon sold 2,550 equity shares, equivalent to a 51% stake in Prakashmaan Renewable Energy Private Limited, to Sunbreeze Renewables Private Limited. 

The total consideration for this transaction amounted to ₹1.98 crore. Following the sale, Ashoka Buildcon retains a 49% stake, resulting in Prakashmaan being reclassified as an associate company. This move is part of Ashoka’s broader restructuring plan aimed at refocusing its investments while still maintaining a stake in the renewable energy sector.

Sunbreeze Renewables, established in February 2022, is an independent entity not related to Ashoka’s promoter group. It operates across seven states in India and manages renewable energy assets with a combined capacity of over 3000 MW. Its services include solar park development, engineering, procurement, construction, and infrastructure integration.

Regulatory Compliance and Deal Structure

The transaction was carried out in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and accompanying circulars dated July 2023. The agreement for the sale was signed and executed on 8 April 2025, with the entire consideration duly received.

As Prakashmaan was incorporated recently on 24 September 2024, audited financial data for the entity is not yet available. The deal does not fall under the related party transaction category and is also not part of any scheme of arrangement or slump sale, further confirming its standalone commercial nature.

Ashoka Buildcon Share Performance 

As of April 09, 2025, at 9:30 AM, Ashoka Buildcon share price is trading at ₹184.32 per share, reflecting a decline of 1.68% from the previous day’s closing price.

Conclusion

Ashoka Buildcon’s partial exit from Prakashmaan Renewable Energy reflects its intent to streamline operations and focus on strategic partnerships. With a reputed buyer like Sunbreeze Renewables taking charge, the move indicates a calculated realignment of business interests while retaining future potential in the renewable sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Lemon Tree Hotels Shares in Focus on Signing New Property in Siliguri, West Bengal

Lemon Tree Hotels Limited has announced the signing of a new property under its brand ‘Keys Select by Lemon Tree Hotels’ in Siliguri, West Bengal. The hotel is scheduled to open in the financial year 2029 and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the group.

Details of The Hotel 

The upcoming hotel will feature 63 tastefully designed rooms along with a restaurant, banquet space, recreation amenities, and public areas. Strategically located, the property offers convenient access to Bagdogra Airport (18 km away) and Siliguri Railway Station (3 km away), ensuring ease of travel for both business and leisure guests. With its position near major transport routes, the hotel aims to attract tourists and professionals alike.

Strategic Presence in the Gateway to the Northeast

Siliguri, often referred to as the “Gateway to the Northeast,” holds considerable economic and geographical significance. Nestled at the base of the Himalayas, the city thrives as a centre for tea, timber, and tourism. 

The addition of a Lemon Tree property in this bustling city strengthens the brand’s regional footprint, joining its two operational hotels and three upcoming developments in West Bengal.

The location’s proximity to popular hill stations such as Darjeeling, Kalimpong, and Gangtok, coupled with wildlife attractions like the Mahananda Wildlife Sanctuary, further enhances its appeal. This new signing aligns with Lemon Tree Hotels’ vision of delivering high-quality hospitality across key markets in India.

Lemon Tree Share Performance 

As of April 08, 2025, at 9:30 AM, Lemon Tree share price is trading at ₹137.70 per share, reflecting a decline of 0.68% from the previous day’s closing price. 

Conclusion

The planned launch of Keys Select by Lemon Tree Hotels in Siliguri reflects the company’s commitment to strategic growth and superior guest experiences. With a robust pipeline of projects across metro and regional locations, Lemon Tree continues to cement its position as one of India’s leading hotel chains.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

EPFO Rolls Out Aadhar Based Face Authentication for UAN Generation and Activation

The Employees’ Provident Fund Organisation (EPFO) has introduced a new method for employees to generate and activate their Universal Account Number (UAN) using Aadhaar-based Face Authentication Technology (FAT). This feature is now available through the UMANG mobile application.

UAN Generation Now Possible Without Employer

Earlier, the UAN generation process was handled by employers, who submitted employee data to EPFO. Although Aadhaar was used for verification, errors in other fields, such as the employee’s father’s name or mobile number, were common. These issues led to delays and manual corrections during claims or other services.

The updated system allows employees to generate and activate UANs directly. Using the UMANG and AadhaarFaceRD apps, employees can enter their Aadhaar details, verify via OTP, and capture a live photo to complete the process. Once matched with Aadhaar records, the UAN is automatically generated and activated. The e-UAN card is also made available for download.

Activation Rates and Technical Details

According to the Ministry of Labour and Employment, in FY 2024-25, over 1.26 crore UANs were allotted by EPFO. However, only 35.3% of them, approximately 4.5 million, were activated by members. One reason for the low activation rate was the requirement for members to separately complete Aadhaar-OTP verification, which often led to confusion.

Under the new process, activation happens alongside generation, and mobile numbers are auto-verified with Aadhaar. The new method is intended to reduce errors and streamline onboarding.

Future Use Cases and Expansion

The Ministry has confirmed plans to extend face authentication services to pensioners, as per the reports. Youth volunteers under My Bharat Will assist pensioners in submitting digital life certificates using the Jeevan Pramaan platform.

Audits for Private Provident Fund Trusts

The EPFO will also begin auditing private provident fund trusts that receive complaints regarding irregularities or mismanagement. This step comes after the Labour Minister received reports of misconduct. The Ministry has flagged concerns around the opaque functioning of some private PF trusts.

Conclusion

The new system is designed to improve accuracy in UAN generation and address gaps in existing processes, while also upgrading oversight of private PF trusts.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Technologies Partners With RVCE to Build State-of-the-Art Skill Development Centre in Bengaluru

In a significant development aimed at strengthening the bridge between academia and industry, Tata Technologies and RV College of Engineering (RVCE) have signed a Memorandum of Understanding (MoU) to set up an advanced Centre for Invention, Innovation, Incubation and Training (CIIIT). Located within the RVCE campus in Bengaluru, this centre is set to become a pioneering hub for engineering education in southern India.

₹60 Crore Investment to Power Innovation

Tata Technologies has pledged approximately ₹50 crore towards this initiative, while the Rashtreeya Sikshana Samithi Trust (RSST), the managing body of RVCE, will contribute around ₹10 crore. The financial commitment reflects a strong mutual intent to develop a world-class facility that aligns with the evolving needs of the industry.

Read More CRISIL, Ashiana Housing, and Others in Focus for Dividend, Stock Split, and Rights Issue.  

Driving Skills for Industry 4.0 and Smart Manufacturing

The CIIIT will focus on equipping students with the skills required in emerging fields such as smart manufacturing and Industry 4.0 technologies. This includes hands-on exposure to real-world applications, advanced simulation tools, and cutting-edge technologies that are shaping the future of industrial processes.

A Multi-Faceted Ecosystem for Learning and Innovation

According to KN Subramanya, Principal of RVCE, the centre is not just an academic facility but a “transformative ecosystem” that serves multiple purposes. It will provide:

  • Practical training for engineering students

  • Vocational education for school dropouts and rural youth

  • Incubation and mentorship for startups

  • Technological support for MSMEs

  • A talent pipeline for large industries

Such a comprehensive approach is expected to create a ripple effect across various sectors of the economy.

Industry-Certified Training Embedded in Curriculum

Representatives from Tata Technologies, Sushil Kumar and Pawan Bhageria, highlighted the emphasis on integrating industry-aligned training modules and certifications directly into the academic curriculum. This move ensures that graduates from RVCE are not only academically sound but also job-ready with practical skillsets that match the demands of the modern workplace.

Backed by Strong Institutional Support

The signing ceremony witnessed the presence of several notable dignitaries including RSST President MP Shyam, Honorary Secretary AVS Murthy, and Joint Secretary DP Nagaraj. Their support underlines the institutional commitment behind this initiative, which promises to reshape engineering education in India.

Conclusion

This collaboration between Tata Technologies and RVCE marks a bold step towards a more integrated and responsive educational ecosystem. By aligning academic training with industry needs, the initiative is poised to prepare the next generation of engineers and innovators for a future powered by technology and creativity.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Odisha Government Approves ₹4,000 Cr Solar Cell & Module Manufacturing Project by Inox Solar

The Government of Odisha has allocated 78 acres of land in Dhenkanal to Inox Solar, a subsidiary of Inox Clean Energy under the INOXGFL Group, for setting up a solar cell and module manufacturing facility.

As of 9:39 AM on April 9, 2025, Inox Green Energy Services share price was trading at ₹104.79 , 3.79% down, though down 44.02% over the past six months and 25.59% over the past year.

Project Capacity 

The plant is planned with a production capacity of 4.8 GW each for solar cells and solar modules. The project is part of a ₹4,000 crore investment announced earlier by the company. This is expected to contribute to India’s broader renewable energy goal of achieving 500 GW of non-fossil fuel capacity by 2030.

Approval and Land Allocation

The project has been approved by the state’s High-Level Clearance Authority (HLCA). Following this, the formal land allocation was completed for the development of the facility in the Dhenkanal district.

Employment Opportunities

According to reports, the manufacturing unit is to generate over 5,400 jobs. This includes both direct and indirect employment across the region. The project is positioned to support Odisha’s broader plans for industrial development and employment generation in the clean energy sector.

Statements from Stakeholders

Odisha Chief Minister Mohan Charan Majhi stated that the initiative aligns with the state’s plans to promote green energy and industrial growth. He also mentioned that the government aims to create long-term employment opportunities through such large-scale projects.

Devansh Jain, Executive Director of INOXGFL Group, said the land allocation will help expand their solar energy operations and contribute to clean energy manufacturing capabilities in India.

Company Background

Inox Solar operates as a part of the INOXGFL Group, which has businesses across wind energy, renewables, and chemical manufacturing. The new plant in Odisha will be the group’s entry into large-scale solar module and cell production.

Conclusion

The land allocation to Inox Solar is part of the state’s efforts to attract investment in renewable energy and industrial manufacturing while supporting national sustainability goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Steel Named 2025 Steel Sustainability Champion by World Steel

Tata Steel has been recognised as a Steel Sustainability Champion 2025 by the World Steel Association (worldsteel). The announcement was made at the Special General Meeting (SGM) of worldsteel’s Board of Members held in Sydney, Australia.

As of 10:01 AM on April 9, 2025, Tata Steel share price was trading at ₹127, a 2.52% down, but down 18.24% over the past six months and 21.66% over the past year.

Eighth Consecutive Recognition

Tata Steel has been recognised as a Sustainability Champion for the eighth year in a row, having first received the title in 2018, the year the programme was launched. The recognition highlights the company’s continued participation and compliance with global sustainability standards.

Criteria for Selection

To qualify, companies must sign the World Steel Sustainability Charter and meet evaluation standards across environmental, social, and governance categories. These include:

  • Material efficiency
  • Environmental management systems
  • Lost time injury frequency rate
  • Employee training
  • Economic value distribution
  • Investments in innovation
  • Submission of Life Cycle Inventory (LCI) data

Companies are also expected to provide regular disclosures to World Steel’s sustainability data programmes.

Sustainability Measures

Tata Steel is a participant in World Steel’s Climate Action programme. The company reports annually to CDP and received an A- A-rating for climate disclosure in 2023. It has also developed capacity in Life Cycle Assessment (LCA) to measure the environmental impact of its products from raw materials to end-of-life recycling.

Recent Initiatives

  • In FY25, Tata Steel created Carbon Bank, a virtual CO₂ repository.
  • In 2025, it became India’s first steel company to demonstrate end-to-end capabilities for manufacturing hydrogen transport pipes.
  • Tata Steel was also the first Indian steelmaker to use biochar in production and to complete a full-laden leg using B24 biofuel in 2024.

About Worldsteel

The World Steel Association represents around 85% of global steel production, with members from major steel-producing countries, including companies, associations, and research bodies.

Conclusion

This continued recognition places Tata Steel among a small group of global steel producers consistently aligning operations with evolving sustainability benchmarks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.