Jindal Stainless and Oyster Renewable Energy Pvt Ltd today announced the 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 crore, includes a committed investment of INR 132 crore from Jindal Stainless
Mar 27, 2026
Jindal Stainless and Oyster Renewable Energy Pvt Ltd today announced the commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh, marking a significant milestone in advancing clean energy adoption within India’s industrial sector.
The project, developed by Oyster Renewable and set at a total investment of over INR 2,000 crore, 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.
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 Suzlon 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.
On this milestone, Mr. Abhyuday Jindal, Managing Director, Jindal Stainless Limited 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.”
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Commenting on the development, Siddharth Bhatia, Managing Director & CEO, Oyster Renewable Energy Pvt Ltd, said: “Our self-developed asset for Jindal Stainless Limited 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. As India accelerates towards its net-zero ambitions, industrial decarbonisation will be pivotal.”
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.
