Jindal Stainless: Pioneering Clean Energy

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Synopsis

Jindal Stainless, India's premier stainless steel manufacturer, plans to generate 1.9 billion units of clean energy annually through wind-solar hybrid and rooftop solar plants. These initiatives, outlined in their Sustainability Report, aim to reduce carbon emissions by 1.352 million metric tons annually, reinforcing the company's commitment to a greener future and sustainable operations.

Article

Jindal Stainless, a prominent stainless steel manufacturer in India, is poised to revolutionize its energy footprint with ambitious renewable energy initiatives. As outlined in its newly released Sustainability Report, the company aims to produce a substantial 1.9 billion units of clean electricity annually through innovative ventures in wind-solar hybrid, floating, and rooftop solar plants. These initiatives, detailed in the report, carry the potential to curtail carbon emissions by an impressive 1.352 million metric tons per annum.

The company's strategic alliance with ReNew Power has already paved the way for a 100 MW round-the-clock (RTC) renewable energy initiative. Furthering this commitment, discussions are underway to establish additional 100 MW RTC renewable energy projects at Jindal Stainless' manufacturing units in Jajpur and Hisar. This concerted effort aims to collectively achieve a robust 300 MW RE-RTC capacity for both units, bolstering the company's sustainable energy drive.

Launching the Sustainability Report, Abhyuday Jindal, Managing Director of Jindal Stainless, emphasized the report's significance in showcasing the company's unwavering commitment to environmental excellence and social responsibility. He highlighted the pivotal role of renewable energy initiatives in aligning with the company's vision for a greener future, emphasizing the vital role of R&D in enhancing industry standards and ensuring environmentally positive operations.

Kalyan Bhattacherjee, Chief Sustainability Officer at Jindal Stainless, underscored the company's digital transformation journey aimed at bolstering data management and monitoring through automated Environmental, Social, and Governance protocols. He reiterated the company's dedication to environmental stewardship and responsible business practices, integrating ecological consciousness into its operational core.

The Sustainability Report reflects Jindal Stainless' steadfast dedication to sustainable practices, charting a course toward net zero emissions by 2050, zero liquid discharge, and the extensive use of recycled materials. Prepared under Global Reporting Initiative (GRI) standards with PwC's assistance, the report underwent independent verification by TÜV SÜD South Asia Pvt. Ltd., ensuring its credibility.

The report also highlights breakthroughs in R&D, showcasing the company's pioneering stainless steel innovations. Specialized grades like the IRS 350CR and high-performance alloys have revolutionized infrastructure development and industrial applications, setting new benchmarks for quality and sustainability.

Conclusion:

Jindal Stainless' commitment to generating clean energy and pioneering sustainable practices signifies a significant step toward environmental stewardship. The company's ambitious renewable energy initiatives outlined in the Sustainability Report demonstrate a resolute dedication to reducing carbon emissions and embracing innovative solutions. Jindal Stainless' relentless pursuit of excellence in sustainability and product innovation heralds a promising future, setting industry benchmarks and contributing significantly to environmental preservation.

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