BC Jindal Group to invest Rs 150 bn in renewable energy manufacturing by 2030

BC Jindal Group has announced plans to invest Rs 150 billion by 2030 to enter the renewable energy component manufacturing space.

The conglomerate, which already has an annual turnover of over Rs 180 billion, is setting its sights on solar and battery storage as part of its green energy roadmap.

The group’s foray will begin with a Rs 40 billion investment in the first phase. This includes establishing a 2 GW solar cell and module manufacturing plant, a 4 GWh battery storage facility, and a solar glass production unit with a capacity of 1,200 tonnes per day.

Maharashtra and Gujarat have been shortlisted as potential locations for these upcoming facilities.

Interestingly, the company plans to use around 40% of the output from these units for its own renewable energy generation projects. This integrated approach will not only drive down costs but also ensure a steady supply of components for BC Jindal’s growing green portfolio.

With this move, BC Jindal joins a growing list of Indian industrial giants pivoting toward sustainable energy solutions.