Jindal Stainless deploys 10 electric trucks, targets 71 tonnes CO2 savings

scanx
Reviewed by
Jubin VScanX News Team
Key Highlights
  • Deployed 10 dedicated electric trucks for finished goods transportation
  • Program expected to save 71 tonnes of CO2 per month versus diesel
  • Mixed fleet includes 80 LNG trucks and 60 CNG buses alongside EVs
  • Targets movement of 8,000-10,000 tonnes of cargo monthly via green solutions
powered bylight_fuzz_icon
53581038

*this image is generated using AI for illustrative purposes only.

Jindal Stainless has deployed 10 dedicated electric trucks for finished goods transportation, marking its first use of EVs in logistics. This move is part of a phased green mobility programme expected to save 71 tonnes of CO2 per month compared to diesel-based transportation.

The electric trucks will operate on routes connecting the company’s Jajpur plant with Kharagpur and Kolkata. This deployment complements existing alternative-fuel vehicles, including 80 LNG trucks operating from Jajpur and Hisar facilities to western India, and newly introduced CNG trucks for import cargo from Dhamra to Jajpur. Additionally, the company operates 60 CNG buses for employee transport at Hisar and Jajpur sites.

Green Mobility Fleet Composition

The company’s logistics strategy relies on a mixed fleet of electric, LNG, and CNG vehicles to reduce its environmental footprint while maintaining operational efficiency. The combined initiatives aim to facilitate the movement of approximately 8,000-10,000 tonnes of cargo per month using these lower-emission solutions.

Vehicle Type Quantity Primary Use Case
Electric Trucks 10 Finished goods (Jajpur to Kharagpur/Kolkata)
LNG Trucks 80 Finished goods (Jajpur/Hisar to Western India)
CNG Trucks Not specified Import cargo (Dhamra to Jajpur)
CNG Buses 60 Employee transport (Hisar/Jajpur)

What the Numbers Show

The projected emission reduction of 71 tonnes per month represents a 26% decrease compared to diesel-based transportation under regular operating conditions. This calculation is based on a modelled monthly green dispatch volume of 8,000-9,000 tonnes and an equivalent truck travel distance of approximately 240,000 kilometres. The data indicates that the shift away from diesel is significant enough to impact the company’s broader ESG metrics, particularly given its annual turnover of ₹42,955 crore in FY26.

Abhyuday Jindal, Managing Director, stated that responsible manufacturing must extend beyond plants to the entire value chain. He emphasised that the approach focuses on practical, scalable solutions that reduce the environmental footprint without compromising operational efficiency. The company plans to progressively expand these deployments across suitable logistics routes as it continues its decarbonisation efforts.

Historical Stock Returns for Jindal Stainless

1 Day5 Days1 Month6 Months1 Year5 Years
+0.64%-1.84%-4.95%-6.08%-7.34%+317.70%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How will the capital expenditure for scaling the electric truck fleet impact Jindal Stainless's near-term free cash flow and return on capital employed?

What are the specific supply chain constraints or infrastructure bottlenecks that could delay the planned expansion of EV deployments to other logistics routes?

How might rising carbon credit prices or stricter regulatory ESG disclosures enhance the financial valuation of these emission reduction initiatives?

Jindal Stainless renews 5-year lubricants partnership with Indian Oil

scanx
Reviewed by
Ashish TScanX News Team
Key Highlights
  • Jindal Stainless and IOCL renewed VMI partnership for 5 years
  • Agreement signed at Hisar unit involving senior executives
  • Partnership covers lubricants and energy supplies like LDO, HSD
  • Jindal Stainless reported ₹42,955 crore turnover in FY26
powered bylight_fuzz_icon
52727195

*this image is generated using AI for illustrative purposes only.

Jindal Stainless and Indian Oil Corporation Limited (IOCL) have renewed their Lubricants Vendor Managed Inventory (VMI) partnership for a further period of five years. The agreement reinforces the long-standing association between the two organisations, focusing on reliable supply solutions for industrial operations.

The formal signing ceremony took place at Jindal Stainless' Hisar unit. Key attendees included Hemant Rathore, Executive Director, Northern Region & State Head, DSO at Indian Oil, and Vijay Bindlish, Unit Head - Hisar at Jindal Stainless.

Strategic collaboration details

Abhyuday Jindal, Managing Director of Jindal Stainless, highlighted that the renewal reflects the value of sustained collaboration between two organisations with a shared focus on quality, reliability, and technical excellence. He noted that the extended arrangement provides an opportunity to deepen engagement as industry needs evolve.

Hemant Rathore from Indian Oil stated that the renewal of the Consumer's Operated Lube Depot's (COLD) agreement marks an important milestone. He emphasised that Indian Oil caters to Jindal Stainless' energy requirements through supplies of LDO, HSD, LSHS, and Propane, in addition to lubricants. This breadth of supply underscores the depth of the association, built on mutual trust and reliability.

Operational significance

The renewed partnership supports manufacturing continuity by ensuring dependable lubrication and energy solutions. As industrial operations increasingly prioritise equipment reliability and operational efficiency, such arrangements play a critical role in maintaining performance standards.

Company profile snapshot

Metric Detail
Annual Turnover (FY26) ₹42,955 crore
USD Turnover (FY26) $4.86 billion
Annual Melt Capacity 4.2 million tonnes
Manufacturing Facilities 16 (India and abroad)
Global Network 12 countries

Jindal Stainless, India's leading stainless steel manufacturer, operates integrated facilities to enhance cost competitiveness. The company utilises electric arc furnace technology to reduce greenhouse gas emissions and support scrap recyclability. Its product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks.

Historical Stock Returns for Jindal Stainless

1 Day5 Days1 Month6 Months1 Year5 Years
+0.64%-1.84%-4.95%-6.08%-7.34%+317.70%

How might the renewed VMI partnership influence Jindal Stainless' operational cost structure and margins over the next five years?

What impact could this long-term energy and lubricant security have on Jindal Stainless' capacity expansion plans in India and abroad?

Will the integration of broader energy supplies (LDO, HSD, LSHS) encourage Indian Oil to expand similar VMI models with other major industrial manufacturers?

More News on Jindal Stainless

1 Year Returns:-7.34%