Waste management deals with the management of materials that are considered as materials with apparently no value however it is not useless material it is just used less material; it is the dual responsibility of academia to bridge the existing gap between research and on-field practices. The present research includes the study of material characterization physical, mineralogical, and chemical of blast furnace slag the industrial by-products of steel plants, and fly ash from the standpoint of a material to be used as a partial replacement of sand and cement. The scarcity of sand in various cities of India is being reported and their suitable replacement is essential from a sustainability point of view. Production of ordinary Portland Cement is the seventh largest contributor of carbon dioxide gas emissions into the atmosphere. Considering the above factors using these by-products in the production of concrete which is produced by using locally available material is a tested and proven solution. But, only a limited attempt to explore possibilities of using these byproducts from BSP is made to date. The innovation in the present study is the dual replacement of sand and cement in producing concrete using industrial byproducts. It is worth mentioning here that concrete is the world’s most used material only next to water, the byproducts yield satisfactory results in the various essential parameters of concrete like workability, strength, and durability offer a multifold benefit to society and stakeholders of steel and construction industry. Reduction in age-old dumped waste and gainful utilization and recycling of these wastes by converting them to value-added wealth in one form or another will not only improve the economics of operation but also prevent degradation of the ambient environment.