BC Jindal Group to enter renewable energy component manufacturing space 

The conglomerate will diversify and commence manufacturing of key component which includes solar cells and modules, storage battery cells and assembly and solar glass with an investment to the tune of ₹15,000 crore by 2030.

BC Jindal Group announced its strategic entry into component manufacturing for renewable energy power generation. The group aims to achieve capacity additions  with investments to the tune of ₹15,000 crore by 2030.

In a move to expand its business portfolio, the BC Jindal Group will diversify and commence manufacturing of key component which includes solar cells and modules, storage battery cells, and assembly and solar glass. 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.

Commenting on the announcement, Spokesperson, BC Jindal Group, said, “Our foray into the renewable energy component manufacturing sector is a reflection of our unswerving commitment towards supporting India’s vision of installing 500 GW of renewable energy capacity by 2030. 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.”

The conglomerate announced that it has shortlisted the states of Maharashtra and Gujarat to set up state-of-the-art production facilities for renewable energy equipment manufacturing.

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

Recently, the BC Jindal Group’s JIRE secured a 300 MW solar-plus-battery energy storage project (BESS) from NHPC, signalling its expertise in large-scale renewable projects. It has also announced plans of exploring strategic acquisitions of operational and pipeline or platform renewable energy assets across India and globally. 

Last year, the group has launched its renewable energy arm, Jindal India Renewable Energy (JIRE), with an aim to generate 5 GW of power through solar, wind, hybrid, and FDRE (Firm & Dispatchable Renewable Energy) solutions to boost the country’s decarbonisation goals and support its transition to clean energy.

Towards this end, the BC Jindal Group plans to invest $2.5 billion in the renewable energy sector over the next five years to meet India’s growing energy demand while enhancing grid stability through battery energy storage systems. Additionally, JIRE is strengthening its presence in renewable energy-rich states by developing projects connected to Central Transmission Utility (CTU) and State Transmission Utility (STU) networks. This will cater to both utility-scale buyers and commercial & industrial (C&I) customers looking for reliable green energy solutions.