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Jindal Stainless keen to make investment in renewable energy sector

19 Apr 2022 Evaluate

Jindal Stainless (JSL) is keen to make an investment in the renewable energy sector to set up 300 MW solar and wind capacities in three states. There will be no more investments in thermal energy. 300 MW of solar and wind energy capacity will be set up in Odisha, Haryana and Rajasthan.

The country's largest stainless steel maker Jindal Stainless owns and operates 1.1 million tonne per annum (MTPA) plant in Jajpur, Odisha. The company sources energy from its 264 megawatt MW captive thermal power plant, to run the unit. JSL is expanding the capacity at Jajpur by another 1 MT to 2.1 MTPA.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Peers
Company Name CMP
JSW Steel 1232.30
Tata Steel 178.70
Steel Authority 173.45
Jindal Stainless 732.95
APL Apollo Tubes 2126.00
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