How JSW Group is Reinventing Itself as a Green Business Powerhouse

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The JSW Group – an Indian conglomerate known for its steel production – is transforming itself into a green business powerhouse.

According to Mr. Seshagiri Rao, the joint managing director of the JSW Group, the company is committed to transitioning to renewable energy and sustainable practices. They’re aiming to generate a whopping 20 GW of renewable energy by 2030, which is enough to power about 14 million homes! They’re investing heavily in wind and solar power, and they’re even exploring the potential of offshore wind power. Now that’s what we call ambitious.

But the JSW Group isn’t stopping there. They’re also diving headfirst into green hydrogen, a type of hydrogen fuel made using renewable energy sources. This could revolutionize industries like steel that currently rely on dirty energy sources. Mr. Rao believes that the future of energy is green, and we’re inclined to agree.

In addition to their focus on renewable energy, the JSW Group is also finding innovative uses for byproducts of steel production. Mr. Parth Jindal, the managing director of JSW Cement, has emphasized the importance of repurposing steel slag – a byproduct that’s typically considered waste – to make building materials like bricks and paver blocks. It’s a win-win situation: reducing waste and creating new revenue streams at the same time.

Overall, it’s pretty impressive to see a company like the JSW Group making such a big pivot towards sustainability. As Mr. Rao stated, “We are committed to creating a sustainable business for our stakeholders and society at large.” With leaders like Mr. Rao and Mr. Jindal at the helm, we’re excited to see what other exciting developments the JSW Group has in store.

So there you have it, folks. The JSW Group is leading the charge towards a greener, more sustainable future. And honestly, we couldn’t be more thrilled about it.

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Sreeram Ramdas

Sreeram Ramdas is Vice President at Green Portfolio. He has been an integral part of the company since the last three years. After beginning his journey with Green Portfolio as an intern, the company nurtured him to be a leading analyst and oversee major verticals of the business. Graduated from one of the top UK business schools - University of Exeter in 2020, and he is also a CFA Level 3 candidate. | The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. GREEN PORTFOLIO PRIVATE LIMITED does not uphold nor promote any of the views / opinions. | GREEN PORTFOLIO PRIVATE LIMITED is a SEBI registered research analyst (Regn. No. INH100008513)

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