Jindal Stainless Doubles Slag Capacity to Boost Circular Production

17 Oct 2025 CW Team

Jindal Stainless, India’s largest stainless steel producer, has announced the doubling of its slag processing capacity with a new wet milling plant at its Jajpur, Odisha, facility. The initiative supports the company’s circular production goals by recovering metals from industrial waste, conserving natural resources, and creating around 140 new jobs in the region.

The company has partnered with Harsco Environmental, a global leader in sustainable metal recovery solutions, under a 15-year agreement worth USD 150 million to build and operate the plant. The recovered metal value is expected to offset the investment over the contract period, further strengthening their long-standing collaboration in circular operations.

Commenting on the development, Abhyuday Jindal, Managing Director, Jindal Stainless, said, “As we expand capacity to meet growing demand responsibly, we are deepening our partnership with Harsco Environmental to advance circularity in stainless steel production. The new wet milling plant will set benchmarks in metal recovery and waste management while benefiting local communities.”

Manjunath Raghavelu, Managing Director, India & MEA, Harsco Environmental, added, “This 15-year partnership marks Jajpur as India’s first site with two wet milling plants. It strengthens our joint commitment to sustainability and the circular economy.”

The project aligns with Jindal Stainless’ broader ESG roadmap and its goal to achieve Net Zero emissions by 2050. In FY25, the company reduced its carbon footprint by 14per cent through initiatives such as India’s first green hydrogen plant for steel production and the country’s largest captive solar power facility within a single industrial campus.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..