Jindal Stainless moving rapidly to achieve green goals

Jindal Stainless Ltd (JSL) is taking a host of measures to reduce carbon emissions of its present and planned capacities, which includes setting up renewable energy capacities, managing director Abhyuday Jindal said.

During FY22, JSL reduced its carbon emissions by 3,100 metric tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power, Jindal said in a press interaction.

"Continuing forward, we are taking proactive steps to decarbonise and reduce carbon emissions of our present and planned capacities. The move is aimed to support the government's mission of carbon neutrality," he said.

In the renewable energy space, JSL is looking for partners to set up 300 MW solar and wind capacities in states like Odisha, Haryana and Rajasthan, Jindal said, adding that the talks with a few players are already under way. The investment will be through joint venture/ventures which will be formed post finalisation of the keen parties.

The company has also partnered with Hygenco India Pvt Ltd to set up a green hydrogen plant. The unit plant will help the company to reduce its carbon emissions by nearly 2,700 MT per annum, Jindal said.

"We are the first and only stainless steel company in India to install a green hydrogen plant," he said.

Besides, his company has partnered with EY India to solidify ESG (Environmental, Social and Governance) goals. JSL and EY will work to carve out a road map for achieving decarbonisation and achieve other environmental goals.