New Delhi: The 300 MW hybrid undertaking in partnership with ReNew is anticipated to start operation within the subsequent 18 months, Jindal Stainless Managing Director Abhyuday Jindal has mentioned. In December 2022, Jindal Stainless Ltd (JSL) partnered with ReNew to develop the proposed 300 MW hybrid vitality undertaking.
When requested concerning the timeline of the undertaking, Jindal informed PTI, “We (JSL and ReNew) are on observe on the pact. That undertaking is 300 MW. Land acquisition has already been accomplished for the undertaking”.
The undertaking will begin within the subsequent one and a half years’ time, he mentioned.
On the corporate’s hydrogen undertaking, the MD mentioned it’s anticipated to begin in July this 12 months.
In August 2022, the nation’s largest stainless-steel participant partnered with Hygenco India Non-public Restricted to arrange a inexperienced hydrogen plant.
“These inexperienced initiatives are a part of our mission to modify from a thermal energy-intensive manufacturing setup to renewable vitality options,” he mentioned.
The corporate will proceed to take proactive steps to scale back carbon emissions of its current and deliberate capacities, Jindal mentioned.
JSL can be in strategy of investing INR 120 crore to arrange a 21 MW rooftop photo voltaic capability at its Jajpur unit and one other 6 MW within the Hisar facility, he added.
The vitality generated from the photo voltaic, wind and hydrogen items will likely be utilized in varied processes of stainless steel-making crops, he mentioned.
In FY22, JSL decreased its carbon emissions by 1.4 lakh tonnes and goals to change into carbon impartial by 2050, Jindal mentioned.