BC Jindal Group’s JIRE Targets Strategic Acquisitions to Achieve 5 GW Renewable Energy Target

25 Jan 2025 CW Team

JIRE aims to generate 5 GW of power from solar, wind, hybrid, hydro and FDRE modes. To achieve this JIREL is focused on acquisition of operational portfolio in the initial couple of years. In parallel JIRE is focused on establishing its presence in renewable energy-rich states by developing Renewable projects connected to grid at CTU and STU to meet the energy demands of utilities as well Industrial and Commercial (C&I) customers.

Commenting on the announcement, Amit Kumar Mittal, CEO, Jindal India Renewable Energy, said, “In 2025-2026, we are looking to strategically expand our capacity portfolio by acquiring key operational assets within the country and across geographies. JIRE seeks to enhance its play in the RE segment which will increasingly throw up huge opportunities as India’s energy mix undergoes a fundamental transition. For JIRE, these acquisitions will be crucial in shaping the growth trajectory of the company in the coming years.”

With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group had recently floated its dedicated entity, JIRE, to hold the renewable venture of the group. This company will oversee the renewable power generation, solar cells and module manufacturing businesses.

Jindal India Renewable Energy operates under the BC Jindal Group, founded in 1952 by Shri B.C. Jindal. Originally a steel pipe and fittings manufacturer, the group has grown into one of India’s leading conglomerates with a significant presence in the power sector. JIRE’s initiative represents a forward-thinking approach to energy diversification. With a focus on environmental well-being at the core of its inception, BC Jindal Group’s commitment extends beyond compliance to a genuine dedication to preserving the environment for future generations.

BC Jindal Group has announced that its renewable energy arm, Jindal India Renewable Energy (JIRE), sets sight on expansion and is actively pursuing aggressive acquisitions of operational assets both domestically and abroad. This is in line with the company’s goal to expand its capacity to 5 GW within the next four years. These acquisitions are anticipated to be finalised in the 1-2 years and will be funded through a mix of internal accruals and debt.JIRE aims to generate 5 GW of power from solar, wind, hybrid, hydro and FDRE modes. To achieve this JIREL is focused on acquisition of operational portfolio in the initial couple of years. In parallel JIRE is focused on establishing its presence in renewable energy-rich states by developing Renewable projects connected to grid at CTU and STU to meet the energy demands of utilities as well Industrial and Commercial (C&I) customers.Commenting on the announcement, Amit Kumar Mittal, CEO, Jindal India Renewable Energy, said, “In 2025-2026, we are looking to strategically expand our capacity portfolio by acquiring key operational assets within the country and across geographies. JIRE seeks to enhance its play in the RE segment which will increasingly throw up huge opportunities as India’s energy mix undergoes a fundamental transition. For JIRE, these acquisitions will be crucial in shaping the growth trajectory of the company in the coming years.”With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group had recently floated its dedicated entity, JIRE, to hold the renewable venture of the group. This company will oversee the renewable power generation, solar cells and module manufacturing businesses.Jindal India Renewable Energy operates under the BC Jindal Group, founded in 1952 by Shri B.C. Jindal. Originally a steel pipe and fittings manufacturer, the group has grown into one of India’s leading conglomerates with a significant presence in the power sector. JIRE’s initiative represents a forward-thinking approach to energy diversification. With a focus on environmental well-being at the core of its inception, BC Jindal Group’s commitment extends beyond compliance to a genuine dedication to preserving the environment for future generations.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..