BC Jindal Group enters renewable energy sector with $2.5 bn investment

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BC Jindal Group enters renewable energy sector with $2.5 bn investment - Business Standard

Quick Summary:

BC Jindal Group, India's leading conglomerate, with over Rs 18,000 crore turnover, will oversee the renewable power generation and solar cells and module manufacturing businesses.

Jindal India Renewable Energy (JIRE) aims to generate 5 GW of power from solar, wind, hybrid and FDRE modes, to uphold responsible environmental care while achieving decarbonisation, it stated.

BC Jindal Group on Thursday announced its foray into India's renewable energy sector, with a plan to invest USD 2.5 billion in the next five years.