Jindal Stainless Invests 120 Cr To Install Rooftop Solar Plants In Jajpur & Hisar

Jindal Stainless plans to install two rooftop solar plants with an overall investment of more than Rs 120 crores of 21 Megawatt Peak (MWp) capacity and 6 MWp capacity at its Jajpur and Hisar units respectively. 

Both projects are scheduled to be completed by March 2024. 

The two rooftop solar plants will be generating about 795 million units of electricity, with a carbon abatement potential of 5, 64, 450 tonnes in its life span of 25 years. In addition to the environmental benefits, these rooftop solar plants will also save 108 acres of land that would have been used if the plant was located on the ground.

Commenting on this development, Managing Director, Jindal Stainless, Abhyuday Jindal, said “This is an important step towards achieving our Net Zero target. Solar rooftop plants are a great alternate source of energy in a tropical country like ours. Jindal Stainless is known across the globe for its product stewardship. We aim to make sure that our growth stems from finest sustainable practices that revolve around social upliftment, good governance, decarbonisation, waste management and digitalisation.”

Jindal Stainless’ Hisar unit has already commissioned rooftop solar projects of 4.1 MWp which are capable of generating 110.7 million units of electricity and reducing 78597 tonnes of CO2.

The company was successful in reducing its carbon emissions by 1.4 lakh tonnes in FY22.

Recently, the firm also signed a contract with ReNew Power to develop a utility-scale captive renewable energy project for its plant in Jajpur. This project will generate 700 million units per year using a combination of solar and wind power generation technologies.