JSW Steel plans to spend more than $1 billion on cutting emissions

JSW aims to reduce carbon dioxide emissions to 1.95 tonnes for every tonne of steel produced by 2030 from 2.52 tonnes last year

The reliefs and concessions sought by JSW were part of the committee of creditors approved resolution plan

Swansy Afonso | Bloomberg
India’s most valuable steel mill is planning to spend more than $1 billion and use more natural gas as it seeks to slash emissions.

The steel sector is among the biggest polluting industries in India and companies are under pressure to cut emissions and switch to cleaner fuels as the nation aims for a net-zero goal by 2070.

JSW Steel has earmarked Rs 10,000 crore ($1.3 billion) to decarbonise including by shifting to solar power for energy and using more scrap, according to Seshagiri Rao, joint managing director at the Mumbai-based mill. It’s also in talks with the GAIL India

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First Published: Jan 25 2022 | 11:27 PM IST

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