New Delhi, October 15: Jindal Stainless, India’s largest stainless steel producer, has announced a major sustainability milestone with the launch of a new wet milling plant at its Jajpur, Odisha facility, effectively doubling its slag processing capacity. The move strengthens the company’s commitment to circular production and natural resource conservation, while creating around 140 new jobs in the region.
Under a 15-year partnership with Harsco Environmental, a global leader in environmental solutions for the metal industry, Jindal Stainless will invest USD 150 million to build and operate the new plant. The investment aims to recover metal from industrial waste and further enhance the company’s circular economy operations.
Managing Director Abhyuday Jindal said the new facility will ensure sustainable growth as the company expands capacity to meet rising domestic and international stainless steel demand.
“Our focus remains on expanding responsibly and in an environmentally conscious way. The upcoming wet milling plant will enable gainful utilization of slag and create new opportunities for the communities where we operate,” Jindal said.
Manjunath Raghavelu, Managing Director for India & MEA at Harsco Environmental, highlighted that the collaboration makes Jajpur the first site in India with two wet milling plants, reinforcing the shared goal of circularity and sustainability in steelmaking.
This initiative aligns with Jindal Stainless’ ESG roadmap and its target to achieve Net Zero by 2050. In FY25, the company reported a 14% reduction in carbon footprint, driven by green initiatives such as India’s first green hydrogen plant for stainless steel production and the largest captive solar facility within a single industrial campus in Odisha.
The new plant represents another strategic leap for Jindal Stainless as it scales up to 4.2 million tonnes annual melt capacity by FY27, solidifying its position as a global stainless steel leader with an operational presence across 12 countries.