Jindal Stainless and Oyster Renewable Energy Pvt Ltd have announced the part commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh.
The project, developed with a total investment of over ₹2,000 crore, includes a committed investment of ₹132 crore from Jindal Stainless and is being executed in phases.
Multi-State renewable footprint
The project spans Madhya Pradesh and Gujarat, with 216 MW of solar and wind capacity in Madhya Pradesh and an additional 99 MW in Gujarat.
The Madhya Pradesh facility is being commissioned first, followed by the Gujarat component in subsequent phases.
Hybrid design for stable supply
The project integrates bifacial solar modules with tracker systems along with Suzlon 3.15 MW wind turbines in a co-located hybrid configuration.
This design enables a balanced generation profile by harnessing both solar and wind resources, improving power availability and ensuring a more stable renewable energy supply for industrial use.
Supporting decarbonisation
The initiative is aimed at supporting Jindal Stainless’ transition towards a cleaner energy mix and reducing carbon intensity of operations.
“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, Managing Director, Abhyuday Jindal, said.
Industry and community impact
“As India accelerates towards its net-zero ambitions, industrial decarbonisation will be pivotal. Beyond infrastructure delivery, we prioritise local workforce participation and community integration to generate long-term economic value in the locality. As industrial demand for firm clean energy accelerates, we remain focused on scaling our hybrid portfolio with execution precision, operational reliability, and responsible development,” Oyster Renewable Energy, Managing Director and Chief Executive Officer, Siddharth Bhatia, said.
Emission reduction potential
Once fully operational, the project is expected to help Jindal Stainless reduce carbon emissions by around 6.5 lakh metric tonnes annually.
The initiative underscores the growing role of hybrid renewable solutions in delivering reliable clean power to energy-intensive industries.