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Jindal Stainless eyeing to commence operation of hybrid project in next 18 months

13 Mar 2023 Evaluate

Jindal Stainless (JSL) is eyeing to commence operation of its 300 MW hybrid project in partnership with ReNew in the next 18 months. In December 2022, Jindal Stainless partnered with ReNew to develop the proposed 300 MW hybrid energy project.

JSL is also in process of investing Rs 120 crore to set up a 21 MW rooftop solar capacity at its Jajpur unit and another 6 MW in the Hisar facility. The energy generated from the solar, wind and hydrogen units will be used in various processes of stainless steel-making plants.

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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