Jindal Stainless and AB Energia set new benchmark with Odisha's largest captive industrial solar plant

India's largest stainless steel manufacturer, Jindal Stainless, and one of India's leading clean energy solution providers, AB Energia Solutions Pvt. Ltd., today announced the successful installation and commissioning of a pioneering solar energy project at Jindal Stainless' manufacturing unit in Jajpur, Odisha. This ground-breaking initiative boasts a cumulative capacity of over 30 MWp, making it the largest captive solar energy plant within a single industrial campus in Odisha.

The solar energy plant installed by Jindal Stainless at its Jajpur unit in partnership with AB Energia comprises a 7.324 MWp floating solar plant and a 23.02 MWp rooftop solar system. The state-of-theart plant is capable of generating approximately 44.3 million units (MU) of green energy annually, significantly reducing the Jajpur unit's dependence on conventional grid electricity. This is equivalent to powering 12,000-15,000 households or cutting CO2 emissions by 32,208 metric tonnes annually.

Key highlights:

- Largest captive solar plant in Odisha: Jindal Stainless' Jajpur unit now hosts Odisha's largest captive green energy generation plant.

- Innovative installation: The project is a showcase of both scale and innovation, seamlessly blending AB Energia's engineering expertise with Jindal Stainless' commitment to sustainability. It features a 7.324 MWp floating solar plant ingeniously deployed on an internal reservoir- transforming previously unused water bodies into productive assets that not only generate clean energy but also help reduce water evaporation. Complementing this, a 23.02 MWp rooftop solar system has been installed across 10 industrial roofs at varying elevations, making optimal use of available space and maximising energy output.

- Environmental Impact: The initiative will reduce CO₂ emissions by 32,208 metric tonnes each year-equivalent to planting 1,288 trees annually-significantly decreasing the facility's dependence on conventional grid electricity.

Managing Director, Jindal Stainless, Mr Abhyuday Jindal said, "At Jindal Stainless, we're accelerating our progress towards achieving our Net Zero goals and investing in sustainable infrastructure through strategic partnerships. The commissioning of Odisha's largest captive solar energy plant at our Jajpur facility is a major leap in this journey. We are redefining the future of stainless steel manufacturing in India by integrating innovative renewable energy solutions and staying accountable to global sustainability standards."

"Delivering this landmark project at Jindal Stainless' Jajpur facility exemplifies AB Energia's commitment to pioneering sustainable energy solutions. By transforming unused water bodies into productive assets and optimizing rooftop spaces, we are setting new benchmarks for green innovation in India's industrial sector. By enabling a transition away from fossil fuels and toward renewable sources, projects like this not only drastically reduce greenhouse gas emissions but also enhance operational efficiency, cost stability, and long-term competitiveness for industrial players. As demand for low-carbon 'green steel' rises globally, such initiatives position Indian industry at the forefront of sustainable manufacturing, ensuring resilience and relevance in a rapidly evolving market landscape" said Mr Siddharth Bhatia, Managing Director, AB Energia Solutions Pvt. Ltd.

AB Energia Solutions Pvt. Ltd. is a leading innovator in solar EPC segment, dedicated to driving India's clean energy transition and supporting the nation's ambitious target of achieving 500 GW of renewable energy capacity by 2030. Guided by a vision of engineering excellence, transparency, and sustainability, AB Energia delivers end-to-end, tailor-made energy solutions - including floating solar, industrial rooftop, carport, and ground-mounted solar installations- that help large industries and communities significantly reduce their carbon footprint. AB Energia's solutions empower its clients to optimize energy use, lower operational costs, and contribute meaningfully to India's decarbonization journey.

This milestone marks a significant step towards a greener future, reinforcing Jindal Stainless' commitment to sustainable growth. The company plans to achieve its Net Zero target by 2050 through various sustainability efforts. It has also committed to investing INR 700 crore in multiple decarbonisation projects over the next five years.

Shares of Jindal Stainless Limited was last trading in BSE at Rs. 581.00 as compared to the previous close of Rs. 569.60. The total number of shares traded during the day was 235640 in over 8141 trades.

The stock hit an intraday high of Rs. 584.25 and intraday low of 575.05. The net turnover during the day was Rs. 136712223.00.

Source : Equity Bulls

Keywords

JindalStainless INE220G01021 JSL ABEnergiaSolutions Commissioning SolarEnergyProject Jajpur Odisha