Jindal Stainless Limited reduced its Scope 1 and Scope 2 greenhouse gas emissions by 5% in FY26, achieving an absolute decrease of approximately 72,500 tCO2e, according to its Business Responsibility and Sustainability Report (BRSR) filed on August 8, 2026. The stainless steel manufacturer also reported that recycled materials constituted 70.12% of its total input mix, underscoring a strategic shift toward resource efficiency and circularity. The filing, submitted to the National Stock Exchange and BSE Limited pursuant to SEBI Listing Regulations, includes a reasonable assurance statement from SGS India Private Limited.

The disclosures cover the financial year ended March 31, 2026, and were prepared on a standalone basis. Jindal Stainless highlighted its commitment to achieving Net Zero emissions by 2050, with an interim target to reduce emission intensity by 50% from the FY22 baseline. The company’s decarbonization efforts included renewable energy procurement, solar installations, and process optimizations across its Hisar and Jajpur facilities.

Emissions and Energy Efficiency

Jindal Stainless identified energy and emissions as a material risk due to the energy-intensive nature of steel manufacturing. In response, the company implemented several decarbonization initiatives in FY26:

Both the Hisar and Jajpur facilities are designated consumers under the Government of India’s Performance, Achieve and Trade (PAT) Scheme. In PAT Cycle VII, the Hisar plant achieved a Specific Energy Consumption (SEC) of 0.0557 toe/ton against a target of 0.0591 toe/ton, while the Jajpur facility recorded an SEC of 1.393 toe/ton against a target of 1.4070 toe/ton.

Circular Economy and Water Stewardship

The company leveraged the inherent recyclability of stainless steel to minimize reliance on virgin resources. Recycled scrap and revert materials made up 70.12% of total inputs by value. Jindal Stainless also attained ‘Zero-Waste-to-Landfill’ certification for one of its major manufacturing sites in FY26.

Water management remains critical, particularly at the Hisar plant located in a water-stressed region as per Central Ground Water Board classifications. The company reported zero liquid discharge from its units, with all wastewater recycled and repurposed on-site. Jindal Stainless has set a target to achieve water neutrality by 2033 through enhanced conservation and replenishment initiatives.

Social Impact and Governance

On the social front, Jindal Stainless impacted 1,19,406 beneficiaries through Corporate Social Responsibility (CSR) initiatives focused on healthcare, education, and livelihood generation. The company maintained a Lost Time Injury Frequency Rate (LTIFR) of zero for employees and reported no human rights violations or cybersecurity breaches during the year. Gender diversity among employees stood at 5.35%, with the company targeting 8% women representation by 2030.

Jindal Stainless Limited has filed its Integrated Annual Report for the financial year 2025-26 and issued notice of its 46th Annual General Meeting, to be held on Wednesday, September 2, 2026 at 12 Noon (IST) through Video Conferencing. The filing was made pursuant to Regulations 30, 34 and 53(2) of the SEBI Listing Regulations.

FY26 Financial Performance

The company delivered strong consolidated financial results for FY26, driven by disciplined execution, value-added product focus, and operational efficiency despite geopolitical uncertainties and continued pressure from low-cost imports.

Capital expenditure during FY26 stood at INR 2,700 crore, forming part of a broader ~INR 5,700 crore strategic investment programme. Return on Equity improved to 17.5% in FY26 from 16.1% in FY25, while Return on Capital Employed stood at 18.9%.

Key Operational and Strategic Developments

The commissioning of the 1.2 MTPA stainless steel melt shop in Indonesia through joint venture PT Glory Metal Indonesia, ahead of schedule, increased the company's combined global melting capacity to 4.2 MTPA, including 3.0 MTPA in India. The company also progressed commissioning of a 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line and a 0.17 MTPA Cold Rolled Annealed Pickled (CRAP) line at Jajpur, Odisha.

The company is targeting an increase in CRAP capacity from 2.05 MTPA to 2.67 MTPA by FY28, and sales volumes of 3.5 MTPA by FY29.

Dividend and Capital Allocation

The Board recommended a final dividend of INR 3 per equity share (150%) of face value INR 2 each for FY26, subject to shareholder approval at the ensuing AGM. An interim dividend of INR 1 per share (50%) was declared in January 2026, resulting in a total dividend of INR 4 per equity share (200%) for FY26 — an increase of approximately 33.33% over the total dividend of INR 3 per equity share declared for FY25. The record date for the final dividend is Friday, August 21, 2026, with payment on or before October 1, 2026.

ESG and Sustainability Highlights

The company part-commissioned its 315.6 MW solar-wind hybrid project with Oyster Renewable Energy, its largest renewable investment to date, expected to abate approximately 6.5 lakh metric tonnes of CO2e annually once fully operational. Renewable power constituted approximately 47% of total imported power at Hisar and Jajpur. The Hisar facility achieved Zero Waste to Landfill (ZWTL) Platinum+ certification with a 99.99% waste diversion rate. GHG emission intensity was reduced by 18.14% from FY23 (2.15 tCO2e/tcs) to FY26 (1.76 tCO2e/tcs). The company scored 78 on the S&P Global DJSI Corporate Sustainability Assessment, earning recognition as an 'Industry Mover' and 'Sustainability Yearbook Member'.

CSR initiatives reached over 1.19 lakh individuals across healthcare, education, livelihoods, sanitation, and women's empowerment. Community healthcare initiative Niramaya reached more than 16,000 individuals across Hisar and Jajpur.

46th AGM and Governance

The 46th AGM will be held on September 2, 2026 via Video Conferencing. Key ordinary business includes adoption of standalone and consolidated financial statements for FY26, declaration of the final dividend, and re-appointment of Mr. Ratan Jindal as a Director liable to retire by rotation. Special business includes ratification of remuneration of INR 4,75,000 (Rupees Four Lakh Seventy Five Thousand) payable to M/s Ramanath Iyer & Co., Cost Accountants, for FY26-27. Remote e-voting commences August 29, 2026 at 9:00 a.m. (IST) and ends September 1, 2026 at 5:00 p.m. (IST). The Board comprises eight members with 50% Independent Directors and 25% Women Directors. The company secured 1st Rank in the Corporate Governance category for the third consecutive year at the India Corporate Governance & Sustainability Vision Awards 2026.