Jindal Stainless will procure approximately 700 million units (MU) of renewable energy annually from Oyster Renewable Energy’s 282 MW interstate wind-solar hybrid power projects which are under development.

The projects are being implemented by Oyster’s special purpose vehicle, Oyster Green Hybrid One.

Jindal has acquired a 33.64% stake in Oyster Green Hybrid One.

The wind-solar hybrid projects comprise an 82 MW wind project and a 135 MW solar project in Agar, Madhya Pradesh, and a 99 MW wind project in Bhuj, Gujarat.

The company will invest approximately ₹1.32 billion (~$15.4 million), with ₹792 million (~$9.25 million) allocated to the current tranche upon achieving a milestone.

The projects are backed by a ₹15.17 billion (~$176.65 million) loan sanctioned by the Indian Renewable Energy Development Agency.

The projects are likely to be commissioned by the third quarter of the financial year (FY) 2026.

According to its 2023-24 annual report, Jindal Stainless aims to achieve net-zero carbon emissions by 2050.

In FY 2024, Jindal Stainless installed a 7.3 MW floating solar project in Jaipur. A 23 MW rooftop solar power project is also under construction for its Jaipur unit.

Jindal Stainless has set up a 6.54 MW rooftop solar project for its Hisar unit in Haryana.  Another 28 MW rooftop solar project is under construction and is expected to be commissioned in FY 2025.

For its Hisar unit, Jindal Stainless also completed a green hydrogen project in conjunction with a 2.8 MW solar project, which generates 90 Nm³ of green hydrogen per hour.

The company plans 18.5 MW of rooftop solar power projects across various locations.

It has signed a memorandum of understanding with Renew Power to procure 100 MW of round-the-clock (RTC) renewable energy for its Jaipur unit. Jindal Stainless invested ₹1.38 billion (~$16.1 million) for a 26% stake in Renew Power’s SPV, Renew Green.

It has also signed an MoU for the supply of 100 MW of RTC power for its Hisar unit. The company is also planning to procure an additional 100 MW to meet its expansion requirements.

In FY 2024, Jindal Stainless consumed 33,890 MWh of renewable energy.

During forced outages and high load demand periods, Jindal Stainless leveraged the Indian Energy Exchange’s green day-ahead market and green term-ahead market to meet its intensive demand. It purchased 68% of its renewable energy from open access.

In April 2025, Jindal Stainless’s subsidiary, JSL Super Steel, announced it would procure 11 MW of power from Sunsure Energy’s 49 MW solar project in Augasi, Uttar Pradesh.