Jindal Stainless Annual Report FY22

Our Sustainability Story So Far

With a history spanning five decades, Jindal Stainless Ltd. proudly stands as one of the top five global players in the stainless steel industry today, excluding China. In a world yearning for constant change, the Company is not content with mere progress. Jindal Stainless Ltd has chosen to be the architect of transformation, embracing sustainability as the guiding principle and has been consistently revolutionising the industry with practices that invigorate the economy.

The Company achieved new heights with the acquisition of Rathi Super Steel and Jindal United Steel Limited. The Collaboration Agreement with New Yaking Pte Ltd made Jindal Stainless Ltd the first Indian company to invest in Nickel Pig Iron abroad (Indonesia), while the merger process of Jindal Stainless Ltd and JSHL also achieved fruition.

Jindal Stainless Ltd in Numbers

21,706

Total number of employees

#1

Steel manufacturer in India

1970

Year of founding

~21 Billion

Blades made worldwide from the Blade Steel supplied by Jindal Stainless, every year

3 OUT OF 5

Coins in India made from the Coin Blanks produced at Jindal Stainless

50+

Export countries

Business Highlights

Strong Growth

₹
35030
CRORE

Revenue from operations

₹
3567
CRORE

EBITDA

₹
2014
CRORE

Profit after tax (PAT)

0.2
X

Debt to equity

A Greener World

33890
MWH

RENEWABLE ENERGY

Debt to equity

100
%

WATER RECYCLING

Undertaken at all plants

BY
2050

NET ZERO TARGET

Commitment to reduce carbon emissions

35
LAKH+

TREES

Planted in and around the plant locations

Environment Initiatives

Renewable Energy

Green Hydrogen

Carbon Reduction

Biodiversity

Circular Economy

Water Management

Jindal Stainless Ltd has entered into a partnership with ReNew Power, India's largest renewable energy company, to provide clean energy at its Jajpur plant. This will be achieved through a 100 MW RE RTC (Renewable Energy Round-The-Clock) project.

Jindal Stainless Ltd is taking a pioneering step by becoming the first stainless steel company in India to commission a green hydrogen plant. The plant, located at the Hisar unit, will have a capacity of 90 NM3/hr.

Jindal Stainless Ltd has set ambitious targets to become Net-Zero by FY50 and aims to achieve a 50% reduction in emission intensity by FY35 compared to the baseline figures of FY22. To achieve these goals, the company is taking several measures.

Jindal Stainless Ltd is committed to preserving biodiversity and follows a risk-based approach to ensure that biodiversity considerations are integrated into its decision-making processes.

Jindal Stainless Ltd is actively engaged in promoting a circular economy by reducing its reliance on natural resources. The Company produces a significant portion of its stainless steel from recycled scrap-metal recovered from slag-grinding dust, thereby minimising the need for virgin resources.

Jindal Stainless Ltd has implemented a comprehensive water management system to ensure sustainable water usage. The Company has established its own effluent treatment plants (ETP) to treat wastewater through recycling and recovery processes.

Hear from our leaders

We believe in creating a legacy that strengthens individuals from door to door, empowering them to achieve their dreams. We are committed to proactively responding to the expectations of all those who have placed their faith in our endeavours.

— Smt Savitri Devi Jindal,Chairperson Emeritus

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With increasing focus on sustainability, the world at large is talking about moving from the blast furnace to the electric arc furnace route for steel and stainless steel production. The focus is on ensuring circularity through a scarp-based production process.

- Mr Ratan Jindal,Chairman

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