Jindal Stainless Ltd Completes ₹132 Crore Investment in 282 MW Hybrid Renewable Energy Project

Jindal Stainless Ltd has completed its committed investment of ₹132 crore in a special purpose vehicle, Oyster Green Hybrid One Private Limited, formed in collaboration with Oyster Renewable Energy Private Limited. The project, a 282 MW inter-state wind solar hybrid captive renewable energy project, is expected to produce ~700 million units annually for captive consumption of the Company. Once fully operational, it is expected to enable the Company to abate around 6.5 lakh metric tonnes of carbon emissions per year. Oyster Green was incorporated on August 25, 2023, with its registered office in Mumbai, India.