Jindal Stainless’s subsidiary, JSL Super Steel, has announced it will procure 11 MW of power from Sunsure Energy’s 49 MW solar power project in Augasi, Uttar Pradesh.

JSL Super Steel signed a power purchase agreement with Sunsure Energy worth nearly ₹40 million (~$464,889) to receive 16.5 million units (MU) of power annually. The company said this agreement will help it meet 40% of its energy needs through clean power.

Jagmohan Sood, COO, Jindal Stainless, said, “This deal is part of Jindal Stainless’s short-term goal of reducing 50% carbon emissions by 2035.” The company aims to reach net-zero emissions by 2050.

Over the next five years, the company plans to invest ₹7 billion (~$81.3 million) in various decarbonization projects.

Per Jindal Stainless’s annual report 2023-24, the company sourced 200,194 J of its energy needs from renewable sources during the year. I

Jindal Stainless said it also commissioned a 7.3 MW floating solar project on a water reservoir in Jajpur and a 6.54 MW rooftop solar project at its Hisar unit.

The company has signed a memorandum of understanding (MoU) with renewable energy company Oyster for a wind-solar hybrid renewable project at Hisar for 100 MW of renewable energy. It also signed an MoU with ReNew Power for a 100 MW round-the-clock renewable energy supply for its Jajpur facility.

Additionally, the company plans to install 18.5 MW rooftop solar projects for its multiple entities across different locations.

In September 2024, Jindal Steel and Power (JSP) and Jindal Renewables announced they would invest in green hydrogen production for steelmaking in Angul, Odisha.

In February 2024, JSP commissioned a 15 MW rooftop solar project at its steel manufacturing plant in Angul, Odisha.