Archive · 2 Jun 2025
Jindal Stainless Invests in Renewable Energy for Manufacturing
Jindal Stainless, a big steel company, is investing in a new project to make its own clean energy.
They're buying part of a company that will build a solar and wind power plant.
This plant will make enough electricity to power their factories, which will help them use less electricity from the regular power grid.
It will also lower their costs and help them stop polluting the air.
They plan to invest a lot of money in the project, and it should start producing electricity by the year 2026.
Jindal Stainless acquired a 33.64% stake in Oyster Green Hybrid One Private Limited.
The SPV is developing a 282 MW hybrid renewable energy project.
The project aims to supply approximately 700 million units of renewable power annually.
Jindal Stainless invested ₹79.20 crore, with a total planned investment of ₹132 crore.
The project is expected to be operational by the third quarter of FY26.
- Who
- Jindal Stainless Limited is acquiring a stake in Oyster Green Hybrid One Private Limited, a collaboration with Oyster Renewable Energy Private Limited.
- What
- Jindal Stainless acquired a 33.64% stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project.
- When
- The project is expected to be commissioned by the third quarter of FY26. Jindal Stainless announced the acquisition on Monday.
- Where
- The renewable energy project will supply power to Jindal Stainless's manufacturing operations.
- Why
- To transition to clean energy, achieve net-zero carbon emissions, reduce dependence on grid-based energy, and lower energy costs.
- Equity Stake
- 33.64%
- Project Capacity
- 282 MW
- SPV Name
- Oyster Green Hybrid One Private Limited
- Current Investment
- ₹79.20 crore
- Total Planned Investment
- ₹132 crore
- Commissioning Timeline
- FY26 Q3