Jindal Stainless and Oyster Renewable Energy Pvt Ltd Commission 315.6 MW Hybrid Renewable Project

Jindal Stainless, one of India’s leading stainless steel manufacturers, has announced the partial commissioning of a 315.6 MW solar-wind hybrid renewable energy project in partnership with Oyster Renewable Energy Pvt Ltd. The project is located in Agar-Malwa district of Madhya Pradesh and represents an important step toward accelerating clean energy adoption in the industrial sector.

The project has been developed with a total investment exceeding ₹2,000 crore and reflects the growing trend of industrial companies integrating renewable power into their energy mix.

Project Capacity and Investment Details

The hybrid renewable project spans two states, including Madhya Pradesh and Gujarat. Around 216 MW of solar and wind capacity will be generated in Madhya Pradesh, while the remaining 99 MW will be developed in Gujarat.

Jindal Stainless has committed an investment of ₹132 crore in the project. The commissioning process is being carried out in phases, beginning with the Madhya Pradesh facility, followed by the commissioning of the Gujarat unit.

Hybrid Technology and Power Generation

The project integrates bifacial solar modules with tracker systems along with advanced wind turbines supplied by Suzlon Energy. The wind turbines used in the project have a capacity of 3.15 MW each and operate alongside solar infrastructure in a co-located hybrid configuration.

This combination of solar and wind technology helps create a balanced power generation profile by utilising two renewable energy sources. As a result, the project improves power availability and delivers more stable renewable energy for industrial use.

Environmental and Economic Impact

Once fully operational, the hybrid project is expected to help Jindal Stainless reduce carbon emissions by approximately 6.5 lakh metric tonnes per year. This will support the company’s efforts to transition toward a cleaner and more sustainable energy portfolio.

The project has also contributed to local economic development by involving regional suppliers and engaging local workforce participation during construction and deployment.

On this milestone, Abhyuday Jindal, Managing Director, Jindal Stainless Limited, said, “As we cater to the growing needs of the nation, sustainability continues to anchor our long-term growth strategy. Our partnership with Oyster Renewable for this hybrid renewable energy project represents an important step in strengthening our clean energy portfolio and reducing the carbon intensity of our operations. Large-scale renewable collaborations like these will play a crucial role in accelerating industrial decarbonisation across India.”

Jindal Stainless Share Price Today

On March 27, 2026, Jindal Stainless share price opened at ₹722.80, touching the day’s low at ₹698.50, as of 11:49 AM on the NSE.

Also Read: Jindal Stainless Commissions Indonesia Plant, Announces ₹900 Crore Investment to Boost Capacity!

Conclusion

The 315.6 MW hybrid renewable project highlights the growing collaboration between renewable energy developers and industrial consumers in India. By integrating solar and wind power infrastructure, Jindal Stainless and Oyster Renewable are strengthening clean energy adoption while supporting industrial decarbonisation and sustainable growth.

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