Jindal Steel (JSPL) and Jindal Renewables (JRPL) have announced a landmark MOU for India’s largest green hydrogen investment by a steelmaker. This collaboration marks a major step toward decarbonizing and advancing green energy in India’s steel industry.
The MOU includes JSPL integrating green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. In the first phase, JRPL will establish a green hydrogen production capacity of up to 4,500 tons per year by December 2025, and supply 36,000 tons of oxygen annually for the Angul steelworks. Additionally, JRPL will provide approximately 3GW of renewable energy, aiming to cut JSPL’s coal dependence by 50% over the next 2-3 years, significantly reducing its carbon footprint.
Mr. Sanjay Singh of JSPL praised the MOU as a key step in decarbonizing steel production with green hydrogen and energy, setting a new standard for the industry. JSPL will provide infrastructure while JRPL will develop and operate the green hydrogen and renewable energy facilities. The agreement aims to reduce hydrogen production costs and ensure a sustainable model with a 25-year offtake commitment.