BC Jindal's RE arm eyes new assets; targets 5 GW capacity
BC Jindal Group on Thursday said its subsidiary Jindal India Renewable Energy is actively looking to acquire operational assets in India and overseas. The company plans to add 5 GW capacity in four years.
Budget with ET
Rising Bharat may need to take center stage for India’s game-changing plans
Will Indian Railways accelerate to global standards with govt’s budgetary allocation?
Budget 2025 to catapult India's domestic manufacturing to a global scale
The acquisitions are expected to be finalised in 1-2 years and will be funded through a mix of internal accruals and debt, the company said in a statement. The capacity of 5 GW will largely come from solar, wind, hybrid, hydro power and firm and dispatchable renewable energy (FDRE) sources, said the company.
The company is also planning to develop projects in renewable energy-rich states in India in the utility-scale and commercial and industrial segment.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
