Jindal Steel Limited ESG Rating Updated to 51 by Independent Rating Provider
Jindal Steel Limited disclosed that ESG Risk.ai, a SEBI-registered ESG Rating Provider, independently revised the company's ESG score from 50 to 51. The company received intimation from BSE Limited on March 23, 2026, and clarified that it did not engage the rating provider for this assessment. The disclosure was made under SEBI regulations for regulatory clarity and record purposes.

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Jindal Steel Limited has disclosed an update to its Environmental, Social, and Governance (ESG) rating following an independent assessment by a SEBI-registered rating provider. The company received intimation from BSE Limited on March 23, 2026, regarding the revision in its ESG score.
ESG Rating Revision Details
ESG Risk Assessments & Insights Limited (ESG Risk.ai), a SEBI-registered ESG Rating Provider, has revised Jindal Steel Limited's ESG score upward. The rating update reflects a modest improvement in the company's ESG performance metrics.
| Parameter | Previous Score | Revised Score | Change |
|---|---|---|---|
| ESG Rating | 50 | 51 | +1 point |
| Rating Provider | ESG Risk.ai | ESG Risk.ai | - |
| Assessment Type | Independent | Independent | - |
Company's Position on Rating
Jindal Steel Limited has clarified its relationship with the rating provider regarding this assessment. The company emphasized that it did not engage ESG Risk.ai for this rating or report. According to the company's disclosure, the ESG rating appears to have been prepared independently by ESG Risk.ai based on information available in the public domain.
This clarification indicates that the rating was conducted as part of ESG Risk.ai's independent research and assessment activities, rather than through a commissioned engagement by Jindal Steel.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key aspects of the regulatory disclosure include:
- Notification received from BSE Limited on March 23, 2026
- Disclosure made for regulatory clarity and record purposes
- Compliance with SEBI listing obligations requirements
- Transparency regarding independent ESG assessment
The company has requested stock exchanges to take this information on record, ensuring proper documentation of the ESG rating update for regulatory and investor information purposes.
Will Jindal Steel proactively engage with ESG rating agencies to improve its score beyond the modest 1-point increase?
How might this ESG rating revision impact Jindal Steel's access to ESG-focused investment funds and green financing options?
Could the independent nature of this assessment lead to more unsolicited ESG ratings across the Indian steel sector?
































