Jindal Stainless Subsidiary Inks 11 MWp Solar Power Deal, Advancing Sustainability Goals
Jindal Stainless Limited's subsidiary, JSL Super Steel, has signed an 11 MWp Power Purchase Agreement with Sunsure Energy to replace 40% of conventional energy at its Ghaziabad facility with solar power. This initiative will generate 16.50 million units of clean energy annually, offsetting 12 million kg of carbon emissions. The agreement aligns with Jindal Stainless' goal to reduce carbon emissions by 50% by 2035 and achieve Net Zero by 2050. The company has already reduced over 310,000 tonnes of CO2 in the last three fiscal years and is investing INR 700 crore in decarbonization projects over the next five years.

*this image is generated using AI for illustrative purposes only.
Jindal Stainless (JSL), India's largest stainless steel manufacturer, has taken a significant step towards sustainable industrial growth through its subsidiary, JSL Super Steel. The company recently announced a landmark agreement that underscores its commitment to environmental responsibility and green energy adoption.
Key Highlights of the Agreement
- JSL Super Steel has signed an 11 MWp long-term Power Purchase Agreement (PPA) with Sunsure Energy, a leading independent power producer.
- The agreement will replace approximately 40% of the conventional energy used at JSL Super Steel's Ghaziabad facility with renewable energy.
- The solar power will be sourced from Sunsure's 49 MWp Solar Project in Augasi, Uttar Pradesh.
- This initiative is part of the Uttar Pradesh State Power Banking Policy, aligning with the state's vision for energy security and efficient power management.
Environmental Impact
The partnership between JSL Super Steel and Sunsure Energy is expected to yield significant environmental benefits:
- Annual clean energy generation of 16.50 million units (MUs)
- Offset of 12.00 million kilograms of carbon emissions per year
- Equivalent to planting over 545,000 trees
Strategic Importance
This move is part of Jindal Stainless' broader sustainability strategy:
- Aligns with India's push for green steel production
- Contributes to Jindal Stainless' goal of reducing 50% carbon emissions by 2035
- Supports the company's ultimate aim of achieving Net Zero by 2050
Mr. Jagmohan Sood, Wholetime Director and Chief Operating Officer of Jindal Stainless, emphasized the significance of this partnership, stating, "This partnership is also a part of Jindal Stainless' short-term goal of reducing 50% carbon emissions by 2035. By integrating renewable energy into our production processes, we are not only reducing our carbon footprint but also setting new benchmarks for the metal industry in India."
Jindal Stainless' Sustainability Initiatives
The company has been actively pursuing various sustainability initiatives:
- Reduced over 310,000 tonnes of CO2 in the last three fiscal years
- Launched India's first Green Hydrogen Plant for stainless steel production
- Investing INR 700.00 crore in decarbonisation projects over the next five years
About JSL Super Steel
JSL Super Steel, a wholly-owned subsidiary of Jindal Stainless, specializes in manufacturing stainless steel long products, including wire rod and rebar. The facility has a rolling capacity of 160,000 tonnes per annum, catering to industries such as construction, automotive, and manufacturing.
Jindal Stainless' Market Position
Jindal Stainless continues to strengthen its market leadership:
- Consolidated annual turnover of INR 38,562.00 crore (USD 4.70 billion) in FY24
- Plans to increase annual melt capacity to 4.20 million tonnes by 2026
- Operates 16 stainless steel manufacturing and processing facilities globally
- Extensive network of sales offices and service centres across India
As Jindal Stainless progresses on its sustainability journey, this latest agreement with Sunsure Energy marks a significant milestone in the company's efforts to reduce its carbon footprint and promote cleaner production methods in the steel industry.
Upcoming Analyst Visit
In related news, Jindal Stainless has announced a plant visit for equity research analysts (sell-side) at its Jajpur, Odisha facility on April 16-17, 2025. This visit will provide analysts with an opportunity to gain deeper insights into the company's operations and sustainability initiatives.
As the steel industry continues to evolve towards more sustainable practices, Jindal Stainless' proactive approach in adopting green technologies and renewable energy sources positions it as a leader in the sector's transition to a low-carbon future.
Historical Stock Returns for Jindal Stainless
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.49% | +3.58% | -12.49% | -26.17% | -16.81% | +1,816.21% |