The MOU outlines JSPL’s plan to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. This initiative represents a significant leap towards low emission steel production. In the first phase, Jindal Renewables will develop a green hydrogen generation capacity of up to 4,500 tons per annum set to commence by December 2025. In addition, the project will also entail supply of 36,000 tons of oxygen per annum that will be used in the Angul steelworks. JRPL will also be supplying ~3GW of renewable energy to JSPL’s facilities reducing the steelmaker’s dependence on coal fired energy by 50% in the next 2-3
years. This integration of green energy is expected to drastically lower the company’s carbon footprint.
Posts in category Business Standard
Jindal Steel and Jindal Renewables to collaborate for green hydrogen generation (16-09-2024)
Sensex, Nifty hit new life high; realty shares in demand (16-09-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, added 197.57 points or 0.24% to 83,088. The Nifty 50 index rose 49.65 points or 0.20% to 25,406.15.
The Phoenix Mills spurts as board OKs 1:1 bonus issue (16-09-2024)
The Phoenix Mills advanced 3.07% to Rs 3,442 after the company said that its board has approved issuance of one bonus equity share for every one existing equity share held (1:1).
This pharma stock has zoomed 179% so far in CY24; Antique sees more upside (16-09-2024)
Shares of Shilpa Medicare hit a new high of Rs 922, gaining 4% in Monday’s intra-day trade after Antique Stock Broking initiate coverage on the stock with a BUY rating and a target price of Rs 1,300.
India bond yields start flattish, with eyes on Fed monetary policy decision (16-09-2024)
The probability of a 50-basis-point cut has more than quadrupled to 59% from just 14% last week, with a total of 119 bps in cuts now expected in 2024
Kross makes muted debut (16-09-2024)
Shares of Kross were currently trading at Rs 259.10 at 10:17 IST on the BSE, representing a premium of 7.96% as compared with the issue price of Rs 240.
Kross debuts flat on BSE, NSE at Rs 240; no listing gain for investors (16-09-2024)
Shares of auto parts manufacturer Kross made a sluggish start on the bourses on Monday. On the BSE, Kross shares listed at Rs 240, synonymous with its the issue price of Rs 240
Tolins Tyres rises on debut (16-09-2024)
Shares of Tolins Tyres were currently trading at Rs 238.80 at 10:11 IST on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 226.
Exide Inds invests Rs 100 cr in subsidiary via right issue (16-09-2024)
Exide Industries informed that it has invested Rs 99.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis.
Tolins Tyres debuts flat on NSE, BSE; hits 5% upper circuit post listing (16-09-2024)
Tolin Tyres made a tepid debut with 0.44 per cent premium on issue price of Rs 226 on BSE