Jindal Stainless announces $150 million investment for slag processing unit

Jindal Stainless has announced a $150 million investment for setting up a slag processing unit at its Jajpur facility, a second such unit that is being set up by the company, as per a release on Tuesday.

It will build and operate the plant as part of a 15 year partnership with Harsco Environmental.

Jindal Stainless said the initiative would support the company’s expanded capacity operations and long-term circularity goals by recovering metal from industrial waste and conserving natural resources.

The Jajpur facility in Odisha is also where it is building one of the largest captive solar power generation projects. The company is the country’s largest stainless steel manufacturer.

“As we expand capacity to meet the rising stainless steel demand in India and globally, our focus remains strongly on doing so responsibly and in an environmentally conscious way,” said Abhyuday Jindal, managing director, Jindal Stainless.

“We are strengthening our partnership with Harsco Environmental, an organisation that shares our commitment to circularity in stainless steel production.”

This initiative forms an integral part of Jindal Stainless’ long-term Environmental, Social and Governance (ESG) goals and its commitment to achieve Net Zero by 2050. In FY25, the company reduced its carbon footprint by 14% through various decarbonisation initiatives.

Some of these include establishing India's first green hydrogen plant for powering stainless steel production and installing the largest captive solar energy plant within a single industrial campus in Odisha.

“I am thrilled to announce the signing of this 15-year contract between Harsco Environmental and Jindal Stainless for the establishment of a second wet milling plant at their Jajpur facility,” said Manjunath Raghavelu, managing director for India & MEA Harsco Environmental.