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Jindal Stainless planning to invest Rs 120 crore to set up two solar projects

08 Mar 2023 Evaluate

Jindal Stainless (JSL) is planning to invest Rs 120 crore to set up rooftop solar capacities at its Jajpur and Hisar facilities. While a project of 21 megawatt peak (MWp) will be set up in Jajpur, another 6 MWp rooftop solar capacity will be installed at company's unit in Hisar. Both the projects are scheduled to be completed by March 2024 and the energy generated will be for captive usage.

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 1252.00
Tata Steel 184.60
Steel Authority 180.25
Jindal Stainless 740.00
APL Apollo Tubes 2189.95
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