JSW Steel plans to raise $500 mn by dollar green bonds

27 Jul 2021 CW Team

JSW Steel plans to issue sustainable bonds and raise $500 million in the abroad markets. The steel company has set a goal to become carbon neutral and decrease carbon emission at JSW coated 40% by 2030.

Apart from recycling every solid waste produced and accomplishing zero discharge from the plant, the firm also plans to restore thermal energy with renewable power to decrease its carbon footprint.

JSW Steel would be spending Rs 445 crore to pull up a 26% stake in the JSW Energy subsidiary. It would be establishing 1 GW of wind and solar projects at different locations where steel plants are already set up.

The investment in JSW Energy subsidiaries would meet sustainable energy sourcing and bring down the power cost by Rs 1.30 units.

The government has instructed each company to utilise thermal power to source 21% of their total power needs from renewable sources by 2030.

To source 21% of their total power needs from renewable sources by 2030, the government has instructed each company to utilise thermal power.

Seshagiri Rao, Joint Managing Director, JSW Steel, explaining the recent Rs 750 crore investment in JSW Paints, told the media that JSW Steel demand for industrial paint increased more than four times to 60,000 kilolitre in the previous years. However, the market supply was adequate. When established, JSW Paints had 1.25 kilolitre but only 25,000 kilolitre of developed industrial paints.

Rao said JSW Steel reached 10-15 years of guarantee for the colour coated goods due to the back-to-back arrangements among JSW Paints, which also established an R&D centre at the Vasind steel plant to produce anti-dust and antimicrobial type paints.

Image Source

Also read: JSW Steel reports 62% y-o-y jump at 4.93 mt in Q1 FY22

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..