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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..