BC Jindal Group lines up green energy foray with $2.5 bn investment

Founded in 1952, the B C Jindal group is engaged in the manufacturing of steel pipes and pipe fittings

BC Jindal Group, which is active in the steel pipe manufacturing sector, on Thursday announced its foray into the renewable energy sector, with an ambitious investment plan of $2.5 billion.

With an existing portfolio of 1.2 gigawatt (Gw) thermal power plant in Angul, Odisha, the latest investment includes setting up of solar equipment manufacturing and building 5 Gw of green energy.

The conglomerate has established a separate entity Jindal India Renewable Energy (JIRE) as part of the renewable energy push.

“JIRE aims to generate 5 Gw of power from solar, wind, hybrid and firm and dispatchable renewable energy modes to