BC Jindal Group, a prominent Indian conglomerate with a turnover exceeding ₹18,000 crore, has unveiled ambitious plans through its renewable energy division, Jindal India Renewable Energy (JIRE). The company is actively pursuing strategic acquisitions of operational assets both domestically and internationally, aiming to expand its renewable energy capacity to 5 GW within the next four years.
These acquisitions are expected to be finalised within the next 1-2 years, funded through a combination of internal accruals and debt. JIRE plans to generate power from various sources, including solar, wind, hybrid, hydro, and FDRE modes. In the initial years, the focus will be on acquiring an operational portfolio while simultaneously establishing a presence in renewable energy-rich states. This includes developing renewable projects connected to the grid at Central Transmission Utility (CTU) and State Transmission Utility (STU) levels to meet the energy demands of utilities as well as industrial and commercial customers.
Amit Kumar Mittal, CEO of Jindal India Renewable Energy, commented on the initiative, stating, “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 renewable energy segment, which presents significant opportunities as India’s energy mix undergoes a fundamental transition. 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 in thermal power generation located in Angul, Odisha, BC Jindal Group has recently established JIRE as a dedicated entity to oversee its renewable ventures, including solar power generation and module manufacturing.
Founded in 1952 by BC Jindal, the BC Jindal Group has evolved from a steel pipe and fittings manufacturer into one of India’s leading conglomerates, with a substantial footprint in the power sector. JIRE’s initiatives reflect a forward-thinking approach to energy diversification, emphasising environmental sustainability and a commitment to preserving the environment for future generations.
