Jindal Stainless Partners on 282 MW Wind-Solar Hybrid Project

06 Jun 2025 CW Team

Jindal Stainless Ltd, India’s largest stainless steel manufacturer, has joined forces with private-sector power producer Oyster Renewable Energy to develop a 282 MW interstate wind-solar hybrid power project for its own consumption.

The project is strategically located across Bhuj in Gujarat and Agar in Madhya Pradesh. It will combine 82 MW of wind and 135 MWp of solar capacity in Madhya Pradesh, alongside 99 MW of wind capacity in Gujarat, to supply power to Jindal Stainless Ltd’s manufacturing plants.

Jindal Stainless has acquired a 33.64 per cent equity stake in Oyster Green Hybrid One Pvt Ltd, a special purpose vehicle (SPV) created by Oyster Renewable Energy to execute this project.

The initiative is supported by a loan of approximately Rs 1.5 billion (INR 1,517 crore) sanctioned by the Indian Renewable Energy Development Agency (IREDA). Power generated from the plant will be supplied to Jindal Stainless’ facilities under a 25-year group captive power purchase agreement.

This cutting-edge renewable energy facility will significantly reduce Jindal Stainless’ dependence on conventional grid electricity. It is expected to cut carbon dioxide emissions by roughly 700,000 metric tonnes annually — equivalent to planting 30 million trees every year.

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..