Jindal Stainless to Invest Rs 7 Bn in Green Decarbonisation Projects
Steel

Jindal Stainless to Invest Rs 7 Bn in Green Decarbonisation Projects

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

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

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?