The Naveen Jindal group is finalising a Rs 15,000-20,000 crore investment plan for the development of renewable energy projects which could become a source of captive clean fuel for its expanding steelmaking operations, said people with knowledge of the matter.
Jindal is the promoter of the listed Jindal Steel and Power, which has announced a major capacity expansion that could ramp up the group’s steelmaking operations to around one and a half times the existing size before the close of 2025-26.
