BC Jindal Group announces $2.5 billion green energy investment

  • Industry News
  • Aug 26,24
The new investment will focus on setting up solar equipment manufacturing facilities and developing 5 gigawatts (GW) of green energy capacity.
BC Jindal Group announces $2.5 billion green energy investment

BC Jindal Group, a leading player in the steel pipe manufacturing sector, is making a significant move into the renewable energy market with a $2.5 billion investment plan. Established in 1952, the company is known for its steel pipes and fittings, but it is now set to expand its portfolio into green energy.

The new investment will focus on setting up solar equipment manufacturing facilities and developing 5 gigawatts (GW) of green energy capacity. This initiative builds on the company's existing 1.2 GW thermal power plant in Angul, Odisha.

To drive this expansion, BC Jindal has created a dedicated entity, Jindal India Renewable Energy (JIRE). JIRE's objective is to generate 5 GW of power through a mix of solar, wind, hybrid, and dispatchable renewable energy sources. This strategic move aligns with the company's commitment to advancing sustainable energy solutions.
(business standard)

Related Stories

Electrical & Electronics
We see strong progress in India’s solar manufacturing landscape: Gautam Mohanka

We see strong progress in India’s solar manufacturing landscape: Gautam Mohanka

In this interview with Rakesh Rao, Gautam Mohanka, CEO, Gautam Solar, elaborates on gaps in the India’s solar manufacturing value chain and how his company is aiding the growth of the solar energy..

Read more
Electrical & Electronics
India is more than ready to invest in next-gen manufacturing: Raman Bhatia

India is more than ready to invest in next-gen manufacturing: Raman Bhatia

In this interview with Rakesh Rao, Raman Bhatia, Founder & MD, Servotech Renewable Power System Ltd, explores the evolutionary journey of Indian renewable energy sector.

Read more
Process Equipment
INOX India launches India's first UHP ammonia ISO tank for semiconductor sector

INOX India launches India's first UHP ammonia ISO tank for semiconductor sector

INOX India unveils the nation’s first ultra-high-purity ammonia ISO tank, boosting global semiconductor and solar manufacturing supply chains with advanced cryogenic tech.

Read more

Related Products

Geared Electric Motors

ELECTRICAL & ELECTRONIC EQUIPMENT

Delco Fans Pvt Ltd offers single phase capacitor run and three phase geared Instrument motors, totally enclosed face/foot mounted.

Read more

Request a Quote

78 Series Din Rail Terminal Blocks

ELECTRICAL & ELECTRONIC EQUIPMENT

Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016