Jindal Stainless and Oyster Renewable Energy have announced the partial commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh.
The project, developed by Oyster Renewable and set at a total investment of over INR 2,000 croгe, includes a committed investment of INR 132 crore from Jindal Stainless. It spans Madhya Pradesh and Gujarat, with 216 MW of solar and wind power to be generated in Madhya Pradesh and an additional 99 MW in Gujarat, a joint statement by the companies noted.
It further added that the project is currently being commissioned in phases, starting with the Madhya Pradesh facility, to be followed by the commissioning of the Gujarat facility. Designed to support Jindal Stainless’ transition towards a cleaner and more resilient energy mix, the project reinforces the growing role of large-scale renewable infrastructure in driving industrial decarbonisation.
The project integrates bifacial solar modules with tracker systems alongside advanced Suzion 3.15 MW wind turbines in a co-located hybrid configuration. This design enables a more balanced renewable generation profile by harnessing both solar and wind resources, helping improve power availability and supporting the delivery of more stable renewable energy for industrial consumption.
Abhyuday Jindal, Managing Director, Jindal Stainless, said, “As we cater to the growing needs of the nation, sustainability continues to anchor our long-term growth strategy. Our partnership with Oyster Renewable for this hybrid renewable energy project represents an important step in strengthening our clean energy portfolio and reducing the carbon intensity of our operations. Large-scale renewable collaborations like these will play a crucial role in accelerating industrial decarbonisation across India.”
Siddharth Bhatia, Managing Director and CEO, Oyster Renewable Energy, said, “This project represents Oyster’s capability to develop and execute large-scale hybrid infrastructure with capital discipline and technological depth. Our self-developed asset for Jindal Stainless reflects this approach, combining solar and wind to deliver stable, cost-efficient, renewable energy while reducing carbon emissions by approximately 6.5 lakh tonnes per year.”
Bhatia further added, “As India accelerates towards its net-zero ambitions, industrial decarbonisation will be pivotal. Beyond infrastructure delivery, we prioritise local workforce participation and community integration to generate long-term economic value in the locality. As industrial demand for firm clean energy accelerates, we remain focused on scaling our hybrid portfolio with execution precision, operational reliability, and responsible development.”
The project, once fully operational, is expected to enable Jindal Stainless to abate around 6.5 lakh metric tonnes of carbon emissions per year, while reinforcing the growing importance of hybrid renewable solutions in delivering reliable, clean power to energy-intensive industries.
Oyster Renewable Energy and Jindal Stainless Limited part-commission 315.6 MW hybrid power project
