Jindal Stainless Limited has acquired an additional 4.6 per cent equity stake in Oyster Green Hybrid One Private Limited by investing Rs 0.23 billion. With this tranche, Jindal Stainless Limited has completed its committed investment of Rs 1.32 billion in the company.
Oyster Green is a special purpose vehicle (SPV) formed in collaboration with Oyster Renewable Energy Private Limited, for the development of a 282 MW inter-state wind solar hybrid captive renewable energy project. Once fully operational, the project is expected to help the company abate approximately 650,000 metric tonnes of carbon emissions annually.
Earlier in April 2025, Jindal Stainless in partnership with AB Energia Solutions Private Limited, successfully installed and commissioned a solar energy project with a cumulative capacity of over 30 MWp at its Jajpur manufacturing unit in Odisha.
