BC Jindal Group is pursuing acquisitions of operational assets both domestically and abroad – targeting capacity of 5 GW in four years.
Jindal India Renewable Energy (JIRE) aims at finalizing these acquisitions in the 1-2 years and will fund through a mix of internal accruals and debt.
JIRE aims to generate 5 GW of power from solar, wind, hybrid, hydro and FDRE modes. 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.
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.”
Jindal India Renewable Energy has an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha. BC Jindal Group 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.