The Naveen Jindal Group is planning a substantial investment of ₹5,000 crore in renewable energy projects, targeting the production of eco-friendly fuel for its expanding steel operations. The group aims to internally develop four gigawatts (GW) of renewable energy capacity within the next few years. This initiative is expected to lower carbon emissions and facilitate the production of environmentally friendly steel.
Under the banner of Jindal Renewable Power, the group plans to set up new solar and wind power facilities. The process of site identification and land acquisition is already in motion, primarily in the states of Rajasthan and Karnataka. This move is part of a broader goal to align more closely with environmental, social, and governance (ESG) standards. The increase in production capacity is intended primarily for hot rolled and cold rolled steel products, which are critical in various sectors, including automotive and construction.
As reported by PROJECTS TODAY, the brand has emphasized its commitment to integrating green technologies to make its steel production processes more sustainable. By the fiscal year 2025-26, the group plans to expand its steel production capacity to approximately 15 million tons annually.
