Diversified business group DCM Shriram will procure 68 MW of renewable energy from JSW Renew Energy Thirty-Two’s (a special-purpose vehicle of JSW Energy) wind-solar hybrid power project in Kota, Rajasthan.

The project will supply power to DCM Shriram’s factories in Kota and is expected to be completed by March 2026. Power procured from the hybrid project will replace 40 MW of coal-based thermal power.

DCM Shriram will invest ₹600 million (~$7.06 million) in one or more special purpose vehicles of JSW to set up the wind-solar project for a 26% equity stake.

DCM is already sourcing up to 43.8 MW of power from ReNew Power’s wind-solar hybrid project.

From 2023-2024, the company consumed 18,837 TJ of renewable , of which 543 TJ was and wind power.

The company is also supported by a 166 MW co-generation plant.

In December 2024, Ferroalloy producer Indian Metals & Ferro Alloys (IMFA) announced a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations. IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, investing ₹832.6 million (~$9.8 million) in a wind-solar hybrid project that combines 50 MW solar and 100 MW wind.

Recently, Indus Towers, a Haryana-based mobile tower installation company, signed a power purchase agreement with JSW Green Energy Eight to procure 130 MW of solar energy from JSW Green Energy Eight. Indus has proposed to invest approximately ₹380.3 million (~$4.4 million) to acquire 26% equity shares in the SPV .

In October 2024, JSW Neo Energy, a subsidiary of JSW Energy, decided to acquire three wind energy projects of Hetero Wind Power with a cumulative capacity of 125 MW for an enterprise value of ₹6.3 billion (~$74.93 million).

In 2022, DCM Shriram signed two captive power agreements with ReNew Power for the supply of 50 MW of renewable energy from the latter’s two projects in Bhavnagar, Gujarat. The power will be supplied to DCM Shriram’s Chlor-alkali production facility in the state’s Bharuch district. The project is expected to generate about 250 million units of renewable energy annually.