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JSW Steel commits ₹50,000 Cr to green steel production in Europe.
The project will use hydrogen and electric arc technologies to cut emissions.
Strengthens India’s presence in the global sustainable steel market.
JSW Steel has announced a substantial investment of ₹50,000 crore (~$6 billion) to develop green steel manufacturing capabilities in Europe. The move aligns with global efforts to decarbonize the steel industry and reinforces JSW’s commitment to sustainability and clean energy transitions.
The investment will be directed toward upgrading existing facilities and integrating hydrogen-based steelmaking technologies to significantly reduce carbon emissions. According to company officials, the transition will be phased and involve the deployment of electric arc furnaces, renewable energy sourcing, and innovations in scrap usage.
Europe’s ambitious climate goals and carbon neutrality targets by 2050 have made it a strategic choice for such a green steel venture. JSW aims to cater to the growing demand for low-carbon steel in sectors like automotive, construction, and infrastructure across Europe.
Experts see this as a bold move, especially amid rising environmental regulations and tariffs globally. This investment also positions JSW Steel as a pioneer among Indian steelmakers taking proactive climate steps on a global platform.
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