JSW Steel Earmarks Rs 10,000cr for Carbon Emission Reduction Initiatives

JSW Steel has earmarked Rs 10,000 crore to reduce carbon emissions through various initiatives. The company also targets to reduce carbon emissions by 42 percent by 2030.

The company has contracted for about one GW of renewable energy, of which 225 MW became operational in April 2022, and the remaining will come on stream in phases.

The investments to reduce carbon emissions would be done through various initiatives, such as increasing the use of renewable energy to replace thermal power, reducing fuel rate through improved raw material quality via beneficiation, and deployment of best technologies.

Moreover, the group is also planning to increase the steel capacity from 27 million tonnes to 37 million tonnes by 2024-25.