Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project

Net Zero emissions by the year 2050. The utility-scale captive renewable energy project will use a combination of solar and wind technologies to produce 700 million units annually.

Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project

Net Zero emissions by the year 2050. The utility-scale captive renewable energy project will use a combination of solar and wind technologies to produce 700 million units annually. By May 2024, the project will be fully operational and would have reduced Jindal Stainless's carbon emissions by more than 6.5 lakh tonnes annually. Jindal Stainless declared its intentions to move from thermal to green energy in April of this year."

Jindal Stainless started moving away from a thermally intensive industrial setting in FY2021-22 and toward renewable energy options like solar and wind power, green hydrogen, and the use of biofuels. Through a number of steps, the company already decreased its carbon emissions by 1.4 lakh tonnes in FY22. The Company has also suggested that it forecast its greenhouse gas emissions and set emission reduction goals in accordance with the Science-Based Target Initiative (SBTi).

In order to reduce carbon emissions during manufacture, Jindal Stainless uses more than 85% scrap in a single production. Additionally, Jindal Stainless Hisar Limited (JSHL), which will merge with Jindal Stainless by the end of the current fiscal year, is attempting to establish a Green Hydrogen Plant for manufacturing operations that will allow the company to reduce its CO2 emissions by roughly 2,700 metric tonnes annually. Since stainless steel is completely recyclable and supports a circular economy, it is the most environmentally friendly material.

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