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.

Jindal Stainless Limited (JSL), India's largest stainless steel manufacturer, has taken a significant step towards sustainable industrial growth. The company's subsidiary, JSL Super Steel, has signed an 11 MWp Power Purchase Agreement (PPA) with Sunsure Energy, a leading independent power producer. This move is set to replace 40% of the conventional energy consumed by JSL Super Steel's facility in Ghaziabad with renewable energy.

Key Highlights of the Agreement

• Capacity: 11 MWp long-term Power Purchase Agreement
• Location: Power sourced from Sunsure's 49 MWp Solar Project in Augasi, Uttar Pradesh
• Annual Clean Energy: 16.5 million units (MUs)
• Carbon Offset: 12 million kilograms per year (equivalent to planting over 5.45 lakh trees)
• Policy Alignment: Part of the Uttar Pradesh State Power Banking Policy

Impact on JSL Super Steel's Operations

The agreement is expected to have a substantial impact on JSL Super Steel's energy consumption and environmental footprint:

1. Renewable Energy Integration: The PPA will enable the Ghaziabad facility to source 11 MWp of solar power, significantly reducing its reliance on conventional energy sources.
2. Emissions Reduction: By offsetting 12 million kilograms of carbon emissions annually, the company is taking a major step towards its sustainability goals.
3. Alignment with Industry Trends: This move aligns with the growing push for green steel production in India, aiming to curb emissions in one of the most energy-intensive sectors.

Jindal Stainless' Sustainability Initiatives

Mr. Jagmohan Sood, Wholetime Director and Chief Operating Officer of Jindal Stainless, emphasized that this partnership is part of the company's broader sustainability strategy:

• Short-term Goal: Reduce 50% carbon emissions by 2035
• Long-term Vision: Achieve Net Zero by 2050
• Recent Achievements: Reduced over 3.1 lakh tonnes of CO2 in the last three fiscal years
• Pioneering Efforts: Launched India's first Green Hydrogen Plant for stainless steel production
• Future Investments: Allocating INR 700 crore for various decarbonisation projects over the next five years

Industry Impact and Future Outlook

Shashank Sharma, Founder, Chairman and CEO of Sunsure Energy, highlighted the significance of this collaboration: "As industries align with India's ambitious renewable energy targets, collaborations like this set a powerful precedent for responsible growth. Through this agreement, Jindal Stainless is leading the way for the metal industry in Uttar Pradesh by sourcing power from renewable sources—demonstrating that clean energy is not just an option, but the future of industrial progress."

This partnership between JSL Super Steel and Sunsure Energy showcases the growing trend of industrial companies embracing renewable energy solutions. As more businesses in energy-intensive sectors like steel manufacturing transition to cleaner power sources, it could significantly contribute to India's overall efforts in reducing carbon emissions and promoting sustainable industrial growth.

The move by Jindal Stainless and its subsidiary JSL Super Steel sets a benchmark for the metal industry, particularly in Uttar Pradesh, and may encourage other companies to explore similar renewable energy partnerships to meet their sustainability goals.