Jindal Stainless share price surged 5.96% on April 11, 2025, by the end of the day, following the announcement that its subsidiary, JSL Super Steel, has signed a solar power agreement with Sunsure Energy. The deal aims to source 11 MW of clean energy annually, reducing carbon emissions by 12 million kg and marking a key step in the company’s sustainability efforts.
The solar power will be supplied from Sunsure Energy’s 49 MWp project located in Augasi, Uttar Pradesh. Under the agreement, JSL Super Steel will receive 11 MW of power, which will replace nearly 40 per cent of the plant’s conventional electricity consumption.
The transition is expected to bring about substantial environmental benefits, reducing dependence on fossil fuels and reinforcing Jindal Stainless’s commitment to responsible manufacturing. This collaboration is aligned with India’s push towards increased renewable energy adoption in industrial operations.
As part of the deal, JSL Super Steel will receive 16.5 million units of solar energy each year. This will help the company cut down approximately 12 million kilograms of carbon emissions annually, equivalent to planting over 5.45 lakh trees.
Jagmohan Sood, Wholetime Director and Chief Operating Officer of Jindal Stainless, told Business Standard, “This partnership is also a part of Jindal Stainless’ short-term goal of reducing 50 per cent carbon emissions by 2035. By integrating renewable energy into our production processes, we are not only reducing our carbon footprint but also setting new benchmarks for the metal industry in India.”
JSL Super Steel is a wholly owned subsidiary of Jindal Stainless. The unit manufactures stainless steel long products, including wire rods and rebars, with a rolling capacity of 1,60,000 tonnes per year.
These products are used extensively in construction, automotive manufacturing, and various industrial applications. The adoption of solar power at the plant is expected to support both operational sustainability and long-term energy efficiency.
On April 11, 2025, Jindal Stainless share price opened at ₹530.00, up from its previous close of ₹512.60. It ended the day at ₹543.15 on the NSE, reflecting a 5.96% intraday gain.
The stock hit its 52-week high of ₹848.00 on July 9, 2024. Its 52-week low of ₹496.60 was recorded on April 7, 2025.
The solar agreement between JSL Super Steel and Sunsure Energy represents a significant development in Jindal Stainless’ clean energy initiatives. By incorporating renewable energy into its operations, the company continues to align with its carbon reduction goals and national sustainability frameworks.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 11, 2025, 2:06 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
