Jindal Stainless to double slag processing with new USD 150 mn wet milling plant
Steel

Jindal Stainless to double slag processing with new USD 150 mn wet milling plant

In a major step toward circular manufacturing, Jindal Stainless, India’s largest stainless steel producer, is set to double its slag processing capacity with a new wet milling plant at its Jajpur facility in Odisha. The initiative supports the company’s circularity goals by recovering metal from industrial waste and conserving natural resources while creating about 140 new jobs in the region.
The company has partnered with Harsco Environmental, a global leader in sustainable metal industry solutions, to build and operate the facility under a 15-year partnership worth USD 150 million. This new collaboration strengthens the decade-long association between the two companies and will enable the Jajpur unit to become India’s first site with two wet milling plants.
Commenting on the development, Abhyuday Jindal, Managing Director, Jindal Stainless, said, “As we expand capacity to meet rising stainless steel demand, our focus remains on doing so responsibly and sustainably. The new wet milling plant, with benchmark metal recovery and waste management systems, will enhance slag utilisation and create new opportunities for local communities.”
Manjunath Raghavelu, Managing Director – India & MEA, Harsco Environmental, added, “This partnership marks an important milestone in advancing the circular economy. Together, we will strengthen our focus on sustainability and efficient slag utilisation at Jajpur.”
The project forms a key part of Jindal Stainless’ long-term ESG strategy and its commitment to achieve Net Zero by 2050. In FY25, the company reduced its carbon footprint by around 14 per cent through decarbonisation measures, including India’s first green hydrogen plant for stainless steel production and the country’s largest captive solar power installation at a single industrial campus in Odisha.
                                                            

In a major step toward circular manufacturing, Jindal Stainless, India’s largest stainless steel producer, is set to double its slag processing capacity with a new wet milling plant at its Jajpur facility in Odisha. The initiative supports the company’s circularity goals by recovering metal from industrial waste and conserving natural resources while creating about 140 new jobs in the region.The company has partnered with Harsco Environmental, a global leader in sustainable metal industry solutions, to build and operate the facility under a 15-year partnership worth USD 150 million. This new collaboration strengthens the decade-long association between the two companies and will enable the Jajpur unit to become India’s first site with two wet milling plants.Commenting on the development, Abhyuday Jindal, Managing Director, Jindal Stainless, said, “As we expand capacity to meet rising stainless steel demand, our focus remains on doing so responsibly and sustainably. The new wet milling plant, with benchmark metal recovery and waste management systems, will enhance slag utilisation and create new opportunities for local communities.”Manjunath Raghavelu, Managing Director – India & MEA, Harsco Environmental, added, “This partnership marks an important milestone in advancing the circular economy. Together, we will strengthen our focus on sustainability and efficient slag utilisation at Jajpur.”The project forms a key part of Jindal Stainless’ long-term ESG strategy and its commitment to achieve Net Zero by 2050. In FY25, the company reduced its carbon footprint by around 14 per cent through decarbonisation measures, including India’s first green hydrogen plant for stainless steel production and the country’s largest captive solar power installation at a single industrial campus in Odisha.                                                            

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Real Estate

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement