New Delhi, March 27 Jindal Stainless has started sourcing clean energy from Oyster Renewable Energy's 216 megawatt hybrid project in Madhya Pradesh.
In 2024, the stainless steel manufacturer had signed a power purchase agreement (PPA) with Oyster Renewable for hybrid power (solar and wind) supply.
As part of the agreement, Oyster Renewable will supply over 700 million units annually from two hybrid energy projects totaling 315 MW being set up at a cost of Rs 2,000 crore, which includes a Rs 132 crore contribution from Jindal Stainless.
Oyster Renewable has started supplying power from the 216 MW capacity project developed in the first phase. A total of 450 million units of power will be supplied to Jajpur (Odisha) and Hisar (Haryana) facilities of Jindal Stainless Ltd (JSL), a joint statement said.
An additional 99 MW hybrid capacity is being set up in Gujarat, which is expected to be operational by June this year. The project will supply approximately 250 million units of green power to JSL plants.
Speaking to