Jindal Stainless Ltd (JSL), India’s largest stainless steel manufacturer, has earmarked an investment of `700 crore every year for sustainability projects with an aim to reduce 1.5 million tonne of carbon emissions per annum.
The company is also set to achieve its target of reducing carbon emissions by 50% by 2035 ahead of schedule.
“We have undertaken several measures, including internal improvements and tie-ups with external partners, to reduce our carbon footprint. We’ve strategically aligned our decarbonisation initiatives to meet the goal of net zero by 2050,” JSL chief sustainability officer Kalyan Bhattacherjee said.
The company’s various renewable energy projects will help it help it achieve an overall capacity of 300 MW hybrid RE.
On Monday, JSL partnered with ReNew Power to develop its proposed 300 MW hybrid energy project, which will generate 700 million units of green energy annually through a mix of solar and wind technologies. The project would be commissioned in 2024.