India loses Rs.2 lakh crore every year due to corrosion
India loses Rs.2 lakh crore every year on account of corrosion of infrastructure, industrial equipment and other vital installations, a leading industry body said as Corrosion Awareness Day is observed globally Sunday.
India is facing a huge power shortage that is affecting at least 2 million tpy of ferro-alloy capacity and worsening a shortage in long steel products and alloy steel.