India's steel industry is making significant strides towards green transition and reducing carbon emissions. Despite its high CO2 emissions per ton of steel compared to the global average, India's steel sector is leading in growth rates and domestic demand. The Ministry of Steel has introduced the Green Steel Taxonomy with three rating categories based on emissions, aiming to achieve zero CO2 emissions by 2070. The government plans to prioritize green steel under the Green Government Procurement Policy, driving industry compliance and sustainability. To achieve emission-free production, investments of $283 billion are required for existing plants, with additional costs for new plants. Technology improvements, digitalization, and transitioning to renewable energy sources are key strategies to reduce emissions and enhance energy efficiency. The industry aims to increase renewable energy consumption to 43.33% by 2030-2031, contributing to a reduction in specific CO2 emissions. ArcelorMittal Nippon Steel India is leading the way in emissions reduction, targeting a significant compliance with green criteria in the near future. However, challenges remain in achieving the highest emissions rating due to technology limitations. India's approach to decarbonization is flexible, exploring various options for greening the steel sector. Investments in electric arc furnaces and efficiency improvements further support the country's roadmap for a sustainable steel industry.