Jindal Stainless Powers Up Green: Sources from Oyster Renewable Energy

• Jindal Stainless begins sourcing clean power from Oyster Renewable Energy's 216 MW hybrid project in Madhya Pradesh.
• A Power Purchase Agreement (PPA) was signed in 2024 for hybrid power (solar and wind) supply.
• Oyster Renewable will supply over 700 million units annually from two hybrid energy projects totaling 315 MW, with a Rs 132 crore contribution from Jindal Stainless.
• The move supports Jindal Stainless's goal to become a net-zero company by 2050, having already reduced CO2 emissions by 14% in FY25.
• The project is expected to reduce Jindal Stainless's carbon emissions by approximately 6.5 lakh tonnes per year.