BC Jindal Forays Into RE Component Manufacturing With ₹4,000 Cr Investment

BC Jindal Group has announced its entry into component manufacturing for renewable energy power generation. In the first phase of the project, the group aims to deploy an investment of Rs 4,000 crore to kickstart its renewable energy component manufacturing venture.

This phase will include setting up 2 GW of solar cell manufacturing/ solar module production, 4 GWh of battery storage capacity, and a solar glass manufacturing unit with a capacity of 1,200 tonnes per day. The conglomerate announced that it has shortlisted the states of Maharashtra and Gujarat to set up production facilities for renewable energy equipment manufacturing. 

BC Jindal Group a conglomerate with over Rs. 18,000 crore annual turnover aims to achieve capacity additions with investments to the tune of Rs 15,000 crore by 2030. In a move to expand its business portfolio, the BC Jindal Group will diversify and commence manufacturing of key components which include solar cells and modules, storage battery cells, and assembly and solar glass. 

Commenting on the announcement, a Spokesperson, of BC Jindal Group, said, “At BC Jindal, we foresee a rising demand for end-to-end products and plan to leverage our expertise in the renewable energy space to offer sustainable solutions.”

“Approximately 40 percent of the manufacturing output is likely to be captively consumed for our renewable energy generation projects,” the spokesperson added.

BC Jindal Group’s Previous Projects

Recently, the BC Jindal Group’s JIRE secured a 300 MW solar-plus-battery energy storage project (BESS) from NHPC and also announced plans to explore acquisitions of operational and pipeline or platform renewable energy assets across India and globally.

Last year, the group launched its renewable energy arm, Jindal India Renewable Energy (JIRE), to generate 5 GW of power through solar, wind, hybrid, and FDRE (Firm & Dispatchable Renewable Energy) solutions. Towards this end, the BC Jindal Group plans to invest $2.5 billion in the renewable energy sector over the next five years to enhance grid stability through battery energy storage systems (BESS).

Additionally, JIRE aims to strengthen its presence in renewable energy-rich states by developing projects connected to Central Transmission Utility (CTU) and State Transmission Utility (STU) networks. This can cater to both utility-scale buyers and commercial & industrial (C&I) customers looking for reliable green energy solutions.