Jindal Stainless Completes Investment in Renewable Energy Project
Jindal Stainless Limited announced on April 3, 2026, that it has completed its committed investment in a special purpose vehicle, Oyster Green Hybrid One Private Limited, formed in collaboration with Oyster Renewable Energy Private Limited. The vehicle is developing a 282 MW hybrid renewable energy project.Jindal Stainless had previously informed stock exchanges of the initial investment in June 2025. The company has now acquired an additional 4.60% equity stake, representing a total investment of ₹132 crore. The additional investment totaled ₹23.41 crore.
The project is expected to produce approximately 700 million units of energy annually for captive consumption. This aligns with the company's commitment to renewable energy and a target of reaching net-zero carbon emissions by 2050. Once operational, the project is expected to abate around 6.5 lakh metric tonnes of carbon emissions per year.
Oyster Green was incorporated on August 25, 2023, and is based in Mumbai, India. As a special purpose vehicle, its turnover details are not applicable. Oyster Renewable Energy Private Limited, the other partner, is a related party due to a common promoter group. The transaction was completed at arm’s length.
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