Jindal Steel & Power (JSPL) and Jindal Renewables (JRPL) have signed Memorandum of Understanding (MOU) to implement Indias biggest investment in green hydrogen by any Indian steelmaker till date. This collaboration underscores a major commitment by both companies towards decarbonisation and green energy leadership in Indias steel industry.

The MOU outlines JSPLs plan to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. This initiative represents a significant leap towards low emission steel production. In the first phase, Jindal Renewables will develop a green hydrogen generation capacity of up to 4,500 tons per annum set to commence by December 2025. In addition, the project will also entail supply of 36,000 tons of oxygen per annum that will be used in the Angul steelworks. JRPL will also be supplying around 3GW of renewable energy to JSPLs facilities reducing the steelmakers dependence on coal fired energy by 50% in the next 2-3 years. This integration of green energy is expected to drastically lower the companys carbon footprint.

JSPL will provide essential infrastructure and support, while JRPL will handle the development and operation of the green hydrogen and renewable energy facilities. This collaboration underscores a major commitment to decarbonisation and green energy leadership in Indias steel industry. With innovative engineering, the MOU aims not only to significantly slash the cost of green hydrogen production but also to ensure sustainable long term business model by locking in offtake for the next 25 years.

Jindal Steel & Power is one of Indias fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.