Jindal Stainless bets on green energy to protect EU exports

Nearly 65% of the ₹700-800 cr investment will be towards power purchase pacts, says MD

- Abhishek Law'

Abhyuday Jindal, managing director at Jindal Stainless.

With the EU's Carbon Border Adjustment Mechanism (CBAM) set for full rollout in January, Jindal Stainless Ltd is racing to shield its exports from the looming carbon cost curve.

The country’s largest stainless steelmaker is investing ₹700-800 crore from internal resources into renewable power and green hydrogen, aiming to cut embedded emissions and stay aligned with Europe’s tightening sustainability norms.

CBAM is a tariff that will require importers to pay for the carbon emitted in making goods overseas, effectively extending Europe’s carbon pricing system to foreign producers. It poses a compliance test for Indian steelmakers, who still rely heavily on coal-based production.