<p>New Delhi: 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.</p><p>With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group has floated a dedicated entity to hold the renewable venture of the group, a statement said.</p><p>The group plans to invest around USD 2.5 billion in the renewable energy sector, in the next 5 years, the statement added.</p><p>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.</p>.Rising Chinese imports affecting domestic steel makers' margins, says Sajjan Jindal.<p>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.</p><p>Along with this, JIRE will also manufacture PV Cells and Modules to tap into the solar demand.</p><p>Punit Gupta, Executive Director, JIRE, said, "To address India’s current energy requirement, brown energy is still dominant...we aim to act as a key player in the renewable energy sector by leveraging the strength of our existing power company..." JIRE operates under the BC Jindal Group, founded in 1952 by BC Jindal. </p>
<p>New Delhi: 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.</p><p>With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group has floated a dedicated entity to hold the renewable venture of the group, a statement said.</p><p>The group plans to invest around USD 2.5 billion in the renewable energy sector, in the next 5 years, the statement added.</p><p>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.</p>.Rising Chinese imports affecting domestic steel makers' margins, says Sajjan Jindal.<p>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.</p><p>Along with this, JIRE will also manufacture PV Cells and Modules to tap into the solar demand.</p><p>Punit Gupta, Executive Director, JIRE, said, "To address India’s current energy requirement, brown energy is still dominant...we aim to act as a key player in the renewable energy sector by leveraging the strength of our existing power company..." JIRE operates under the BC Jindal Group, founded in 1952 by BC Jindal. </p>