Naveen Jindal-led Jindal Steel & Power (JSPL) and its subsidiary, Jindal Renewable Power Private Limited (JRPL), have taken a significant step towards sustainable steel production by signing a memorandum of understanding (MoU) to invest heavily in green hydrogen production. The initiative will support JSPL’s steelmaking operations at its Angul facility in Odisha, marking a major milestone in India’s push towards green steel manufacturing.
JSPL has announced that this MoU represents the largest investment in green hydrogen by any Indian steelmaker to date, positioning the company as a leader in the country’s decarbonization efforts. The investment will not only enhance JSPL’s steel production capabilities but also align with India’s broader ambitions to reduce carbon emissions in the industrial sector.
Green hydrogen, produced using renewable energy sources like wind and solar, is seen as a key solution for reducing the carbon footprint of energy-intensive industries such as steel manufacturing. JSPL’s partnership with JRPL will leverage this clean energy to replace traditional fossil fuels used in steel production, significantly cutting down emissions and contributing to the company’s goal of achieving carbon neutrality.
In a statement, JSPL highlighted that this project in Angul will be instrumental in transforming India’s steel sector, helping the nation meet its climate goals while ensuring energy security. The company also reiterated its commitment to integrating renewable energy into its operations, emphasizing that green hydrogen will play a critical role in the transition to sustainable industrial practices.
Naveen Jindal, Chairman of JSPL, emphasized the significance of this investment, stating, “Our venture into green hydrogen production is a game-changer for India’s steel industry and will play a pivotal role in advancing the nation’s sustainability agenda. This investment underlines our commitment to green steel production and positions us at the forefront of the energy transition.”
The Angul facility is expected to serve as a model for future green hydrogen-based steel plants in India, and JSPL’s investment could accelerate the adoption of green technologies across the industry. The project will further contribute to job creation and economic development in the region, supporting the government’s push for industrial growth that is both sustainable and socially responsible.
As part of its long-term vision, JSPL aims to increase its reliance on renewable energy and green hydrogen in the coming years, setting the stage for a greener, more sustainable future for India’s steel sector.