Indian stock news
On July 7, 2026, JSW Steel Limited announced the successful commissioning of its hydrogen--ready "Green Steel" facility in Vijayanagar, Karnataka. The project, involving a capital expenditure of ₹12,000 crore, utilizes Direct Reduced Iron (DRI) technology to reduce carbon emissions by approximately 40% compared to traditional methods. The company confirmed it has already entered into multi--year supply contracts with several European automotive OEMs. This initiative is expected to enhance JSW Steel's margins through premium pricing for sustainable products and strengthens its competitive advantage in the global transition to a low--carbon economy.