Jindal Stainless has announced its plans to build two rooftop solar plants with capacities of 21 MWp and 6 MWp at its Jajpur and Hisar plants, respectively. Roofs of various shop floors have been identified by the company at both units for these plants. The company will invest more than Rs 1.2 billion for installing the rooftop solar capacity. Both projects are expected to be finished by March 2024.
The company anticipates that two rooftop solar plants will generate approximately 795 million units of electricity with a carbon abatement potential of 564,450 tonnes over a 25 year life span. The company’s goal is to achieve net-zero carbon emissions by 2050.
In December 2022, Jindal Stainless signed an agreement with ReNew Power to establish a utility-scale captive renewable energy project for power supply to its Jajpur facility in Odisha. The project will produce 700 million units per year using a combination of solar and wind technologies. Additionally, the company has also proposed to forecast its GHG emissions and establish emission reduction targets in line with the Science-Based Target Initiative (SBTi).