BC Jindal Group has announced a major strategic shift towards renewable energy component manufacturing with an ambitious investment plan of ₹15,000 crore by 2030. The initiative includes setting up large-scale production facilities for solar and battery segments, with Maharashtra and Gujarat emerging as frontrunners for these installations.

With an annual turnover exceeding ₹18,000 crore, the group confirmed that the first phase of this investment will involve ₹4,000 crore. This initial phase will establish 2 GW of solar cell and module production, 4 GWh of battery storage capacity, and a manufacturing unit capable of producing 1,200 tonnes of solar glass per day.

“This move into renewable energy component manufacturing aligns with our long-term vision and supports India’s goal of achieving 500 GW of renewable energy capacity by 2030,” a BC Jindal Group spokesperson stated. The company also noted that around 40% of the manufactured components will be used for its own renewable energy generation ventures.

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The announcement comes shortly after Jindal India Renewable Energy (JIRE), the group’s green energy subsidiary, secured a 300 MW solar-plus-battery energy storage project from NHPC. JIRE is targeting 5 GW of renewable energy generation through a mix of solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) solutions.

Further underlining its commitment, the group has revealed plans to invest $2.5 billion in renewable energy over the next five years and is actively exploring acquisitions of operational and under-development renewable assets in India and abroad. 

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