Jindal Stainless wins ICC’s prestigious Corporate Governance and Sustainability

New Delhi, March 21, 2024: Jindal Stainless, India’s largest stainless steel manufacturer, has been honoured with the Indian Chamber of Commerce (ICC)’s prestigious Corporate Governance and Sustainability Vision Awards 2024 in the ‘Corporate Governance’ category for its efforts in upholding transparent operations within the organisation. Through the flagship initiative, the ICC has been recognising India businesses for their endeavours towards creating a sustainable future. Additional Secretary, Ministry of Coal, Government of India, Shri M Nagaraju graced the event, held here last week, as the presiding dignitary. Head, Legal and Company Secretary, Jindal Stainless, Mr Navneet Raghuvanshi received the award on behalf of the company. 

On the occasion, Head, Legal and Company Secretary, Jindal Stainless, Mr Navneet Raghuvanshi said, “We are honoured to have received this prestigious award. We thank the ICC for acknowledging our commitment to sustainable business practices. We believe that good governance is the cornerstone of a successful and sustainable business, and we are committed to endorsing the highest standards of integrity and transparency in all our operations.”

The Corporate Governance and Sustainability Vision Awards, conceptualised in 2011, honour companies for positive steps taken to measure their economic, environmental, and social impacts and performance, and for integrating sustainability into their core business models.  The awards are classified into four categories: Corporate Governance Award, Corporate Social Responsibility Award, Sustainability Performance Award, and Water Stewardship Award. 

About Jindal Stainless

India’s leading stainless steel manufacturer, Jindal Stainless, has an annual turnover of INR 35,700 crore (USD 4.30 billion) in FY23, and is ramping up its facilities to reach 3 million tonnes of annual melt capacity in FY24. It has two stainless steel manufacturing facilities in India, in the states of Odisha and Haryana. Jindal Stainless has a worldwide network in 15 countries and one service centre in Spain. In India, there are ten sales offices and six service centres. The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel and coin blanks.

Integrated operations have given Jindal Stainless the edge in cost competitiveness and operational efficiency, making it one of the world’s top stainless steel players. Founded in 1970, Jindal Stainless continues to be inspired by a vision for innovation and enriching lives and is committed to social responsibility. The company boasts an excellent workforce, value-driven business operations, customer centricity and the best safety practices in the industry.

Jindal Stainless remains committed to a greener, sustainable future, fuelled by environmental responsibility. The company manufactures stainless steel using scrap in an electric arc furnace, the least greenhouse gas emission route since it enables 100% recyclability with no reduction in quality, thereby achieving a circular economy. The company aims to reduce carbon emission intensity by 50% well before FY 2035 and achieve Net Zero by 2050.