BC Jindal Group to Invest ₹150 Billion in Green Energy

The BC Jindal Group, a prominent player in the Indian industrial landscape, has announced a major strategic foray into the green energy sector with plans to invest ₹150 billion by 2030 in renewable energy component manufacturing. With an existing annual turnover exceeding ₹180 billion, this move marks a significant diversification and commitment toward sustainable growth.

In its first phase, the group will allocate ₹40 billion to establish robust manufacturing capabilities across the solar and battery storage value chains. This includes a 2 GW solar cell and module manufacturing facility, a 4 GWh battery storage plant, and a solar glass production unit with a daily capacity of 1,200 tonnes. These facilities will be crucial in meeting the surging domestic demand for clean energy infrastructure and components.

The group has shortlisted Maharashtra and Gujarat as potential locations for setting up these plants, leveraging these states’ industrial ecosystems and renewable energy policies. Notably, about 40% of the manufactured output will be directed toward the group’s internal renewable energy projects, demonstrating its vertically integrated approach to clean energy production and utilization.

With this bold investment, the BC Jindal Group is poised to play a transformative role in India’s renewable energy journey, aligning with the nation’s ambitious target of 500 GW non-fossil fuel capacity by 2030.