The company signed two joint venture packs, worth Rs 75 crore with Russia’s UC Rusal and Bahrain’s Tawa International Corporation
Under the brand name RubiQ and Rucal, Runaya, a Mumbai-based start-up launched a new range of products at the Make In Odisha Conclave 2022, which are expected to provide a sustainable solution in the Indian steel industry.
The company claimed that these innovations can be used as steel slag conditioners in steel making. They are certified to consume only 10 percent of carbon and can help reduce the processing time.
Additionally, the products can benefit steel producers with alloy recovery and desulphurisation.
Founded by Ananya Agarwal and Naivedya Agarwal, Runaya aims to drive technology-oriented growth in the Indian manufacturing sector. The company signed two joint venture packs, worth Rs 75 crore with Russia’s UC Rusal and Bahrain’s Tawa International Corporation, Mint reported. Through these pacts, the company will be benefited from the production of high-quality aluminum paste and sustainable waste management production.
Commenting on the same at the launch event, Annanya Agarwal, Co-founder, of Runaya, said, “Runaya’s team is passionate to will process and recycle more waste each year. Today, we are officially launching our new products, RubiQ and RucaL Green, to enable the steel industry to improve its sustainability performance. This product is designed to deliver productivity to steel makers through Green Technology. We are extremely excited to continue to provide solutions for companies looking to make sustainable change.” Additionally, he expressed his gratitude to the government of Odisha for supporting the start-up ecosystem in the state.