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An announcement from Jindal Stainless Limited ( (IN:JSL) ) is now available.
Jindal Stainless Limited has completed its committed investment of ₹132 crore in Oyster Green Hybrid One Private Limited, a special purpose vehicle formed with related-party Oyster Renewable Energy to develop a 282 MW inter-state wind-solar hybrid captive renewable energy project for its plants. The project is expected to supply about 700 million units of power annually for captive use and help the company avoid roughly 650,000 metric tonnes of carbon emissions per year, reinforcing its transition toward renewable energy and strengthening the role of hybrid clean power in energy-intensive industries.
More about Jindal Stainless Limited
Jindal Stainless Limited is a major Indian stainless steel producer, operating energy-intensive manufacturing plants that rely heavily on reliable and cost-efficient power. The company is increasingly focusing on sourcing electricity from renewable sources to support its growth while advancing long-term decarbonisation and net-zero emissions goals.
Average Trading Volume: 34,650
Technical Sentiment Signal: Buy
Current Market Cap: 581.3B INR
See more data about JSL stock on TipRanks’ Stock Analysis page.