Jindal Stainless to Invest Rs 7 Bn in Green Decarbonisation Projects

13 Mar 2025 CW Team

Jindal Stainless (JSL) has outlined a Rs 7 billion investment plan over the next five years to support its decarbonisation initiatives, reinforcing its commitment to achieving net-zero emissions by 2050. The company鈥檚 strategy includes key environmental projects such as renewable energy adoption, green hydrogen integration, biodiversity conservation, waste management, and advanced carbon capture technologies. These initiatives aim to significantly reduce greenhouse gas (GHG) emissions and cut carbon intensity by 50 per cent by the financial year 2035.

To enhance its sustainability efforts, JSL has initiated a task force focused on nature-related financial disclosures (TNFD). This task force will assess and mitigate environmental risks while identifying opportunities for long-term resilience. The TNFD framework is structured around four core areas: governance, strategy, risk management, and impact assessment, ensuring effective monitoring and implementation of sustainability goals.

JSL鈥檚 recent sustainability report highlights substantial investments in renewable energy, green hydrogen, and innovative recycling technologies. Additionally, the company has developed Biodiversity Management Plans (BMPs) and conducted nature risk assessments at key manufacturing facilities in Jajpur, Hisar, and Vizag. These efforts align with JSL鈥檚 broader objective of integrating sustainability into its operations while supporting environmental conservation and resource efficiency.

News source: BW BusinessWorld

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