FOR JINDAL STAINLESS, exports constitute approximately 15% of sales volume; about 40% goes to Europe. While Europe presents a significant growth opportunity for the stainless steel major, the European Union’s Carbon Border Adjustment Mechanism (CBAM) could have posed a hurdle. But the company’s focus on sustainability and reducing carbon emissions has helped it stay competitive. “CBAM’s transition period, starting from October 1, 2023, imposes extensive data compliance requirements on Indian exporters,” says Abhyuday Jindal, MD of Jindal Stainless. “While CBAM won’t immediately affect our business financially, the financial implications will begin on January 1, 2026.”
CBAM, in its transition period till December 2025, mandates that importers of goods in the scope of the new rules will have to report greenhouse gas (GHG) emissions embedded in their imports (direct and indirect). But more on that later.
Jindal Stainless isn’t the
