FCC

Jindal Stainless to set up two rooftop solar projects

2023-03-10

Jindal Stainless Ltd (JSL) announced an investment of Rs 120 crore in rooftop solar capacity at its Jajpur and Hisar facilities. JSL said in a statement that a 21 MWp project will be set up in Jajpur, and another 6 MWp rooftop solar capacity will be installed at the company's Hisar unit.

"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 a span of 25 years," it said.

Both projects are expected to be completed by March 2024, according to the company, and the energy generated will be used exclusively for captive purposes.

Abhyuday Jindal, managing director of JSL, stated: "This is an important step towards achieving our net zero target. Our commitment is responsible business practices and dedication to reducing carbon footprint. We will continue this practice."

The Hisar unit of the company has already completed rooftop solar projects totaling 4.1 MWp, capable of generating 110.7 million units of electricity and reducing 78,597 tonnes of CO2 emissions.

According to the statement, the company reduced its carbon emissions by 1.4 lakh tonnes in 2021-22.