Jindal Stainless has announced the partial commissioning of a 315.6 MW solar-wind hybrid renewable energy project in partnership with Oyster Renewable Energy Pvt Ltd, marking a step in its transition towards cleaner energy, Saur Energy reported.
The project is located in Agar Malwa and is being rolled out in phases across two states. The first phase is underway in Madhya Pradesh, with a second site planned in Gujarat. Of the total capacity, about 216 MW will be generated in Madhya Pradesh, while the remaining 99 MW will come from Gujarat.
Developed by Oyster Renewable, the project involves an overall investment of more than ₹2,000 crore, with Jindal Stainless contributing ₹132 crore.
The hybrid project combines bifacial solar panels equipped with tracking systems and wind turbines to improve efficiency and ensure a more stable power supply. The design allows the plant to generate electricity from both solar and wind sources, helping maintain consistent energy output for industrial use.
The initiative is part of Jindal Stainless’ broader plan to reduce its carbon footprint and expand its clean energy portfolio. Managing Director Abhyuday Jindal said sustainability remains central to the company’s long-term growth strategy, adding that the partnership will help lower carbon intensity.
Siddharth Bhatia, Managing Director and CEO of Oyster Renewable Energy, said the project is designed to provide cost-effective renewable power while reducing emissions.
Once fully operational, the project is expected to cut around 6.5 lakh metric tonnes of carbon emissions annually. It is also expected to support local employment and contribute to economic activity in the region.
