Jindal Stainless Limited has informed the Exchange regarding a press release dated March 27, 2026, titled "Oyster Renewable and Jindal Stainless advance industrial decarbonisation with 315.6 MW hybrid power project".
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Jindal Stainless has announced the part-commissioning of a 315.6 MW solar-wind hybrid power project in Agar-Malwa, Madhya Pradesh, developed in partnership with Oyster Renewable Energy. The total project investment exceeds ₹2,000 crore, of which Jindal Stainless has committed ₹132 crore. The project spans Madhya Pradesh (~216 MW) and Gujarat (99 MW) and is being commissioned in phases. Once fully operational, it is expected to help Jindal Stainless reduce carbon emissions by approximately 6.5 lakh metric tonnes per year. The project uses bifacial solar modules with trackers and Suzlon 3.15 MW wind turbines in a co-located hybrid setup. Jindal Stainless reported FY25 turnover of ₹40,182 crore and is expanding capacity to 4.2 million tonnes annually by FY27.
This is a positive ESG and operational development that strengthens Jindal Stainless' clean energy portfolio, supports long-term cost efficiency, and may improve investor sentiment around sustainability, though the ₹132 crore commitment is relatively modest compared to the company's overall scale.