Jindal Stainless invests over ₹120 cr for rooftop solar plants at Jajpur, Hisar units
1 min read . Updated: 06 Mar 2023, 04:55 PM IST
PremiumThe two rooftop solar plants will be generating about 795 million units of electricity and both projects are scheduled to be completed by March 2024
Jindal Stainless on Monday announced that it plans to install two rooftop solar plants of 21 megawatt peak (MWp) capacity and 6 MWp capacity at its Jajpur and Hisar units respectively at an investment of over ₹120 crore.
“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 120 crore. Both projects are scheduled to be completed by March 2024," the company said in a media release.
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.
In addition to the environmental benefits, these rooftop solar plants will also save 108 acres of land that would have been used if the plant was located on the ground.
“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,“ said Abhyuday Jindal, Managing Director, Jindal Stainless.
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 78,597 tonnes of CO2.
The company is taking significant strides towards achieving its Net Zero carbon emissions by implementing sustainable initiatives and adopting renewable energy solutions.
The company successfully reduced its carbon emissions by 1.4 lakh tonnes in FY22. 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.
