Oyster Renewable, Jindal Stainless commission 315.6 MW hybrid project

Oyster Renewable Energy Private Limited and Jindal Stainless Limited have announced the part commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh, with the Gujarat component yet to be completed. 

The project involves a total investment of over Rs 2,000 crore, including Rs 132 crore committed by Jindal Stainless. Of the total capacity, around 216 MW is being developed in Madhya Pradesh, while the remaining 99 MW will come from a site in Gujarat, with commissioning progressing in phases. 

The project uses bifacial solar modules with tracker systems co-located with Suzlon 3.15 MW wind turbines. This hybrid configuration is designed to reduce variability in generation by combining solar and wind output at a single site, improving the reliability of power supply for industrial consumption.

Once fully operational, the project is expected to reduce Jindal Stainless’s carbon emissions by about 6.5 lakh metric tonnes annually. The company, which reported a turnover of Rs 40,182 crore in FY25, is expanding its annual melt capacity to 4.2 million tonnes by FY27 and is scaling up its captive renewable energy portfolio to support this growth.

Abhyuday Jindal, Managing Director of Jindal Stainless, said the partnership supports efforts to lower the carbon intensity of operations. Siddharth Bhatia, Managing Director and Chief Executive Officer of Oyster Renewable, said the project integrates solar and wind to deliver stable and cost-efficient power while reducing emissions. He added that the project also involved local workforce participation and regional supply-chain engagement during construction.

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