Jindal Stainless Managing Director Abhyuday Jindal, the 300 MW hybrid project in collaboration with ReNew is anticipated to go into operation over the next 18 months. For the projected 300 Megawatt hybrid energy project, Jindal Stainless Ltd (JSL) and ReNew collaborated in December 2022. When asked about the timeline of the project, Jindal told PTI, "We (JSL and ReNew) are on track on the pact. That project is 300 MW.
Land acquisition has already been completed for the project". The project will start in the next one and a half years' time, he said. On the company's hydrogen project, the MD said it is expected to start in July this year. In August 2022, the country's largest stainless steel player partnered with Hygenco India Private Limited to set up a green hydrogen plant.
"These green initiatives are part of our mission to switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives," he said. The company will continue to take proactive steps to reduce carbon emissions of its present and planned capacities, Jindal said.
In order to build a 21 MW rooftop solar capacity at its Jajpur complex and another 6 MW in the Hisar facility, JSL is also in the process of investing Rs 120 crore, the source continued. He stated that several operations at stainless steel manufacturing facilities will employ the energy produced by the solar, wind, and hydrogen units. According to Jindal, JSL cut its carbon emissions by 1.4 lakh tonnes in FY22 and plans to achieve carbon neutrality by 2050.