Jindal Stainless will install two rooftop solar plants of 21MWp capacity and 6MWp capacity at its Jajpur and Hisar units respectively with an overall investment of more than Rs 120 crores. Both projects are scheduled to be completed by March 2024.
The two rooftop solar plants will be generating about 795 million units of electricity, with a carbon abatement potential of 5, 64, 450 tonnes in its life span of 25 years. In addition to the environmental benefits, these rooftop solar plants will also save 108 acres of land that would have been used if the plant was located on the ground.
MD of Jindal Stainless Abhyuday Jindal said “This is a step towards achieving our net zero target. Our aim is to make sure that our growth stems from finest sustainable practices that revolve around social upliftment, good governance, decarbonisation, waste management, and digitalization.”
Jindal Stainless’ Hisar unit has already commissioned rooftop solar projects of 4.1 MWp which is capable of generating 110.7 million units of electricity and reducing 78597 tonnes of CO2. From introducing a senior position of chief sustainability officer (CSO) to becoming India’s first stainless steel company to install a green hydrogen plant at Hisar, the company has reduced its carbon emissions by 1.4 lakh tonnes in FY22.
Recently, it also signed a contract with ReNew Power to develop a utility scale captive renewable energy project for its plant in Jajpur. This project will generate 700 million units per year using a combination of solar and wind power generation technologies.
