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’s 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’s 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’s broader objective of integrating sustainability into its operations while supporting environmental conservation and resource efficiency.

News source: BW BusinessWorld

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..