JSL Super Steel signs Power Purchase Agreement with Sunsure Energy

Image
Last Updated : Apr 10 2025 | 1:50 PM IST

To source 11 MWp of solar power from Sunsure's 49 MWp Solar Project in Augasi, Uttar Pradesh

Sunsure Energy, a leading independent power producer, today signed a 11 MWp long-term Power Purchase Agreement (PPA) with JSL Super Steel, a Ghaziabad-based subsidiary of Jindal Stainless.

As per the agreement, this facility will source 11 MWp of solar power from Sunsure's 49 MWp Solar Project in Augasi, Uttar Pradesh, displacing nearly 40% of its conventional energy consumption with clean power. This project will be a part of the Uttar Pradesh State Power Banking Policy, aligning with the state's vision for energy security and efficient power management.

Sunsure Energy's partnership with JSL Super Steel will further strengthen its mission of advancing India's commercial and industrial renewable energy adoption. The partnership will enable JSL Super Steel to receive 16.5 million units (MUs) of clean energy annually, helping the company offset 12 million kilograms of carbon emissions per year - equivalent to planting over 5.45 Lacs trees. This move aligns with India's growing push for green steel production, an industry-wide transformation that aims to curb emissions in one of the most energy-intensive sectors.

Commenting on this development, Wholetime Director and Chief Operating Officer, Jindal Stainless, Jagmohan Sood said, JSL Super Steel is delighted to partner with Sunsure Energy as another step in Jindal Stainless' efforts to green our operations and achieve our Net Zero targets. This partnership is also a part of Jindal Stainless' short-term goal of reducing 50% 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. As leaders in the stainless steel industry, we deem it our responsibility to usher in cleaner routes of production such as introduction of green hydrogen, use of biofuels, increasing renewable energy share from the grid, etc. at every step of the value chain.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 10 2025 | 1:29 PM IST

Next Story