Jindal Stainless Ltd is gearing up to transform its facilities in Hisar, Haryana, into a green manufacturing hub in the next few years. This move is in anticipation of the new European carbon tax, set to begin in 2026, according to the company’s managing director, Abhyuday Jindal.
On Monday, the company inaugurated India’s first green hydrogen stainless steel plant in collaboration with Hygenco India Pvt. Ltd. in Hisar. Additionally, they initiated the process for establishing a 200MW round-the-clock renewable power facility in Jajpur, Odisha.
Regarding the 200MW facility in Jajpur, Jindal mentioned, “We’ve already initiated it for Jajpur, and we are currently exploring another 100MW for our Hisar facilities. However, that is still some time away, perhaps a year or two.”
JSL, with manufacturing facilities in Jajpur, Odisha, and Hisar, is preparing for the Carbon Border Adjustment Mechanism, which imposes a carbon price for greenhouse gas emissions on manufacturers exporting to Europe, starting in 2026.
Jindal stated, “As a company, we are ready in terms of reporting and investments, but we are waiting to know the exact impact.”
The newly inaugurated green hydrogen facility in Hisar aims to reduce carbon emissions significantly over the next two decades, with an estimated annual cut of about 2,700 metric tonnes and a total reduction of 54,000 tonnes of CO2 emissions.
JSL’s investment of approximately ₹700 crore in green projects will help achieve 50% of its net-zero emission target by 2035, according to Jindal.
The company is also in talks with automakers, railways, and other infrastructure companies for exporting steel manufactured from its green facilities. Jindal mentioned ongoing discussions with customers interested in using green steel internationally, emphasizing the focus on global rather than domestic markets.
