Jindal Stainless shares rise on plans to invest ₹700 crore on decarbonisation initiatives

At around 10:56 am, the stock was trading 0.99% higher at ₹792.25 per equity share.

This comes after the company on Thursday said that it is in the process of investing ₹700 crore on decarbonisation initiatives. Furthermore, it has reduced 3,18,248 metric tonnes of CO2 emissions in FY25.

The stainless steel manufacturer is taking multiple steps to reduce carbon footprints, including Odisha's largest captive solar plant, Jindal Stainless Ltd (JSL) said in a statement.

"Over the next few years, JSL plans to invest ₹700 crore in its decarbonisation initiatives, including Odisha’s largest captive solar plant, energy efficiency upgrades, digitisation of our supply chain for greater transparency, and community development initiatives in education, healthcare, and skilling around our plants," it added.

In FY25, JSL achieved a 14% year-on-year (YoY) reduction in CO2 emissions, avoiding approximately 3,18,248 metric tonnes (MT) of carbon footprint compared to FY24.

For FY26, the company's focus is to build on this momentum and further reduce emissions, as was achieved for FY25 in terms of emission reductions compared to the FY24 baseline.

This is part of the mid and long-term roadmap to achieve a 50% reduction by 2035 and net zero by 2050.

Commenting on the investment plant, Kalyan Kumar, Chief Sustainability Officer at JSL, said: "Our first-ever Integrated Report for FY25...highlights key milestones achieved in FY25. These include the completion of a comprehensive Double Materiality Assessment, the commissioning of Odisha's largest captive solar plant, and the launch of ambitious ESG targets..."

JSL is India's largest stainless steel making company, which is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27.

The stock has been in focus, surging 3.51% over the week and 13.76% over three months. It has advanced 35.10% over a period of six months. On a year-to-date basis, it has gained 13.03%.

While the share reached a 52-week high of ₹818.95 on August 28, 2025, it touched a year’s low of ₹496.60 apiece on April 7, 2025.

JSL’s total market capitalisation stood at ₹65,203.35 crore, as of September 26, 2025, according to data on the NSE.