Jindal Stainless clarifies on media buzz titled 'Jindal Steel to set up green hydrogen plant'

Jindal Stainless Limited has given clarification on media report titled “Jindal Steel to set up green hydrogen plant”.

In this regard, the company informed that it has not entered into any partnership to install green hydrogen plant as mentioned in few media reports. 

It further informed that “Jindal Stainless (Hisar) Limited (“JSHL”), recently on August 10, 2022, has informed to the Stock Exchanges about entering into partnership with Hygenco India Private Limited to install a Green Hydrogen Plant. The mentioned media reports seem to be based on the said press release made by JSHL.”

At around 2:24 PM, Jindal Stainless was trading at Rs118.55 per share up by Rs2.35 or 2.02% from its previous closing of Rs116.20 per share on the BSE.