Jindal Stainless & Oyster Renewable commission 315.6 MW hybrid power project
Jindal Stainless and Oyster Renewable have partially commissioned a 315.6 MW solar-wind hybrid power project in Madhya Pradesh. The project has a total investment of over ₹2,000 crore, with JSL investing ₹132 crore. It is expected to abate 6.5 lakh tonnes of carbon emissions annually.
The project involves a substantial investment and is expected to reduce carbon emissions significantly, impacting the company's operational costs and environmental footprint. It also aligns with broader industrial decarbonisation efforts.
The announcement details a significant step towards sustainability and decarbonisation through a large-scale renewable energy project, which is a positive development for the company's environmental goals and operational efficiency.
Jindal Stainless Limited (JSL) and Oyster Renewable Energy Pvt Ltd have announced the part commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh. This project represents a significant milestone in advancing clean energy adoption within India's industrial sector.
The project, developed by Oyster Renewable, involves a total investment of over ₹2,000 crore, with Jindal Stainless committing ₹132 crore. It spans Madhya Pradesh and Gujarat, generating approximately 216 MW in Madhya Pradesh and 99 MW in Gujarat. The commissioning is being done in phases, starting with the facility in Madhya Pradesh.
This initiative is designed to support Jindal Stainless's transition towards a cleaner energy mix and reinforces the role of large-scale renewable infrastructure in industrial decarbonisation. The project integrates bifacial solar modules with trackers and Suzlon wind turbines in a co-located hybrid configuration to improve power availability and stability.
Abhyuday Jindal, Managing Director of Jindal Stainless, stated that sustainability anchors their long-term growth strategy and this partnership is an important step in reducing the carbon intensity of their operations. Siddharth Bhatia, Managing Director & CEO of Oyster Renewable Energy, highlighted their capability in developing large-scale hybrid infrastructure and reducing carbon emissions by approximately 6.5 lakh tonnes per year.
Once fully operational, the project is expected to help Jindal Stainless abate around 6.5 lakh metric tonnes of carbon emissions annually. The project also focused on local workforce participation and regional supply-chain engagement, contributing to broader economic activity and community development.
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Jindal Stainless Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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