Jindal Stainless Limited's $80 Million Investment Towards Net-Zero Emissions by 2030
Key Ideas
  • Jindal Stainless Limited (JSL) plans to invest $80 million in decarbonisation projects to achieve net-zero emissions by 2030.
  • The investment will focus on renewable energy, green hydrogen, biodiversity protection, waste management, and carbon capture technologies.
  • JSL is dedicated to producing a Nature-Related Financial Disclosure report to address nature-related risks and enhance environmental responsibility.
Jindal Stainless Limited (JSL) in India has announced an $80 million investment in decarbonisation projects to achieve net-zero emissions by 2030. Over the next five years, the company will focus on eco-friendly initiatives such as renewable energy, green hydrogen, biodiversity protection, waste management, and carbon capture technologies. JSL has also formed a task force to create a Nature-Related Financial Disclosure report, aimed at assessing nature-related risks and identifying opportunities for business resilience and environmental responsibility. The report will cover governance, strategy, risk, and impact management, with a focus on investments in renewable energy, green hydrogen, and advanced recycling technologies. It will also include detailed Biodiversity Management Plans and nature risk evaluations at key JSL facilities in Jaipur, Hisar, and Vizag. With an estimated 2.9 million mt per year stainless steel template installed capacity, JSL is the largest producer of stainless steel products in India.
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