BC Jindal Group on Tuesday announced a Rs 150 billion investment plan to enter renewable energy component manufacturing by 2030, marking a major diversification move for the Rs 180 billion turnover conglomerate.

The group will manufacture solar cells and modules, battery storage cells, and solar glass and undertake assembly work. In the first phase, it will invest Rs 40 billion to build 2 GW solar cell/module capacity, 4 GWh of battery storage, and a solar glass unit with 1,200 TPD capacity.

Production units will come up in either Maharashtra or Gujarat. Around 40 per cent of the output will be used for the group’s own green energy projects.

BC Jindal’s renewables arm JIRE recently bagged a 300 MW solar-plus-storage project from NHPC. It aims to build 5 GW of capacity across solar, wind, hybrid, and firm & dispatchable renewables (FDRE) by 2030, backed by a $2.5 billion investment plan.

The group said its manufacturing push aligns with India’s 500 GW renewables goal and the growing demand for integrated clean energy solutions.