The Business Bytes
TBB BUREAU
JAJPUR, MAR 6, 2023
Furthering its commitment to reduce its carbon footprint, Jindal Stainless plans to install two rooftop solar plants of 21 Megawatt Peak (MWp) capacity and 6 MWp capacity at its Jajpur and Hisar units, respectively. The roofs of various shop-floors at both units have been identified to install these rooftop solar plants with an overall investment of more than Rs 120 crore. 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, respectively. Besides environmental benefits, these rooftop solar plants will also save 108 acres of land.
Commenting on the development, Jindal Stainless Managing Director Abhyuday Jindal said “This is an important step towards achieving our Net Zero target. Solar rooftop plants are a great alternate source of energy in a tropical country like ours. Jindal Stainless is known across the globe for its product stewardship. 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. 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.
