Jindal Stainless Ltd (JSL) announced on Tuesday that it is investing Rs 700 crore in decarbonization projects as part of its plan to reach net-zero emissions by 2050. The investment will span the next five years and focus on a variety of eco-friendly projects, including renewable energy, green hydrogen, biodiversity protection, waste management, and the implementation of carbon capture technologies, according to a company statement.
“With an investment of Rs 700 crore in decarbonization initiatives over the next five years, our goal is to meet both financial and environmental targets, aiming to cut greenhouse gas emissions and carbon intensity by 50% by FY35 and achieve net-zero emissions by 2050,” the company stated.
Additionally, JSL revealed the establishment of a task force dedicated to producing a Nature-Related Financial Disclosure (TNFD) report, designed to assess, address, and reduce nature-related risks while also identifying opportunities to enhance business resilience and environmental responsibility.
The TNFD framework outlines four key pillars: governance, strategy, risk, and impact management, with specific metrics and strategic targets. The report also highlights investments in renewable energy, green hydrogen, and advanced recycling technologies, along with detailed Biodiversity Management Plans (BMPs) and nature risk evaluations at key JSL facilities in Jajpur, Hisar, and Vizag. Jindal Stainless, India’s largest stainless steel manufacturer, stands as a global leader in the production and innovation of high-quality stainless steel solutions. With state-of-the-art manufacturing facilities in Hisar and Jajpur, the company caters to a wide range of industries, including automotive, infrastructure, railways, aerospace, and consumer goods.
Jindal Stainless is known for its emphasis on sustainability, focusing on recycling, energy efficiency, and eco-friendly processes to reduce its environmental footprint. Its extensive product portfolio, which includes flat and long stainless steel products, reflects the company’s commitment to quality and technological advancement. With a strong presence in both domestic and international markets, Jindal Stainless continues to drive progress and innovation in stainless steel applications while contributing to India’s industrial growth.
