Jindal Steel signs MOU with Jindal Renewable Power to invest in green hydrogen production
Jindal Steel (JSPL) and Jindal Renewables (JRPL) have signed an MoU for India’s largest green hydrogen investment by a steelmaker. The plan integrates green hydrogen into JSPL’s Angul steel plant, producing up to 4,500 tons annually by 2025. This partnership will reduce JSPL’s coal dependence by 50%, boosting decarbonisation and green energy in India’s steel industry.
Jindal Steel (JSPL) and Jindal Renewables (JRPL) have signed a major Memorandum of Understanding (MOU) to carry out India’s largest investment in green hydrogen by any Indian steelmaker to date. This partnership highlights a significant commitment by both firms to decarbonisation and green energy leadership in India’s steel industry.
The MOU describes JSPL’s plans to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. In the first phase, Jindal Renewables will create a green hydrogen generating capacity of up to 4,500 tons per year, beginning in December 2025. In addition, the facility will supply 36,000 tons of oxygen per year to the Angul steelworks. JRPL will deliver around 3GW of renewable energy to JSPL’s facilities, reducing the steelmaker’s dependence on coal-fired energy by 50% in the following 2-3 years. Green energy is expected to significantly reduce the company’s carbon footprint.
In the exchange filing, the company also added, “JSPL will provide essential infrastructure and support, while JRPL will handle the development and operation of the green hydrogen and renewable energy facilities. This collaboration underscores a major commitment to decarbonisation and green energy leadership in India’s steel industry. With innovative engineering, the MOU aims not only to significantly slash the cost of green hydrogen production but also to ensure sustainable long term business model by locking in offtake for the next 25 years.”
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