Jindal Stainless, India's leading stainless steel manufacturer, secured multiple honours at the 10th CII National Energy Efficiency Circle Competition 2026 for its manufacturing facilities in Hisar and Jajpur. The Confederation of Indian Industry (CII) recognised the company on July 2-3 in New Delhi for its sustained efforts in energy conservation, decarbonisation, and energy management practices. These recognitions highlight the firm's commitment to operational excellence and its progress toward a low-carbon future.

The Hisar unit received the National Award for Best Energy Efficient Case Study and the National Award for Best Case Study on Low Carbon/Carbon Neutral Initiative. Key initiatives included waste heat recovery systems, heater-less vaporisers, renewable energy integration, and green hydrogen applications. Over the last four years, the unit implemented 112 energy efficiency projects, resulting in a cumulative greenhouse gas emission reduction of 584,903 tCO₂e.

The Jajpur unit was recognised under the Bureau of Energy Efficiency (BEE) PAT/CCTS Scheme and for the Effective Implementation of ISO 50001 Energy Management System. Its award-winning measures featured the installation of a Waste Heat Recovery Boiler (WHRB), adoption of the Melt Control System in the Electric Arc Furnace (EAF), and optimisation of the Reheating Furnace (RHF). The unit executed more than 100 energy conservation projects over four years, leading to a cumulative carbon emission reduction of over 471,398 tCO₂e.

Abhyuday Jindal, Managing Director of Jindal Stainless, stated that sustainability is integral to the company's operations and growth. He emphasised that the recognitions reaffirm the commitment to driving innovation that delivers operational excellence and environmental impact. The company continues to invest in technologies to accelerate India's transition to a low-carbon future.

Vijay Bindlish, Unit Head – Hisar, noted that the recognition reflects the team's sustained focus on decarbonisation and energy efficiency as strategic priorities. Deepak Agrawal, Unit Head – Jajpur, added that energy efficiency has become an integral part of the unit's operational philosophy, achieved through process optimisation and disciplined execution.

Jindal Stainless has appointed Mr Kunjal Mehta as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 25, 2026. The Board of Directors approved the appointment based on the recommendations of the Nomination & Remuneration Committee and Audit Committee. Mr Mehta succeeds Mr Tarun Kumar Khulbe, who ceases to hold the additional responsibility of CFO while continuing as CEO & Whole-time Director of the company. Additionally, the Board approved the re-classification of PT Glory Metal Indonesia as an associate of the company with effect from July 1, 2026, following the restoration of the original governance framework under the Collaboration Agreement.

Leadership Profile

Mr Mehta is a qualified Chartered Accountant and Cost Accountant with over 25 years of experience across power, steel, ports & logistics, technology, and ITES sectors. Prior to joining Jindal Stainless, he served as the CFO of Adani Energy Solutions Limited. His career includes tenures at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited, and Essar Steel India Limited.

As CFO, Mr Mehta will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management, and strategic growth initiatives. His expertise spans corporate finance, resource mobilisation, treasury and working capital management, financial planning & analysis, budgeting, governance, assurance & risk management, and strategic finance functions.

Strategic Outlook

Managing Director Mr Abhyuday Jindal stated that Mr Mehta brings deep expertise across corporate finance, treasury, fundraising, and business transformation. The appointment aims to strengthen the company's financial resilience and support its upward trajectory in the manufacturing business. Jindal Stainless reported an annual turnover of ₹42,955 crore in FY26 and is ramping up facilities to reach 4.2 million tonnes of annual melt capacity in FY27.