Oyster Renewable to build 48 MWp solar-wind hybrid plant for MS Agarwal Foundries
Oyster Renewable and MS Agarwal Foundries will develop a 48 MWp solar-wind hybrid project in Andhra Pradesh. It is expected to generate more than 122 million units of renewable electricity annually and avoid about 86,620 tonnes of carbon emissions. The article also notes prior Oyster-related investments by Dalmia Cement in May 2026 and Jindal Stainless in April 2026.
Oyster Renewable is working with MS Agarwal Foundries on a 48 MWp hybrid solar-and-wind installation in Andhra Pradesh. The plant is designed to deliver over 122 million units of renewable electricity each year and cut roughly 86,620 tonnes of carbon emissions.
The tie-up follows other Oyster-linked deals. In May 2026, Dalmia Cement (Bharat), part of Dalmia Bharat, agreed to take a stake in Oyster Green Hybrid Five, an Oyster Renewable Energy special-purpose vehicle, alongside a power-use pact. In April 2026, Jindal Stainless added 4.6% equity in Oyster Green Hybrid One for Rs 0.23 billion, finishing a Rs 1.32 billion commitment.
The hybrid plant may give MS Agarwal Foundries steadier renewable power and reduce its exposure to fossil-fuel price swings. Nearby communities could see cleaner air and less carbon output, though construction and land use may bring temporary disruption. Broader uptake of similar corporate power deals could support Andhra Pradesh’s renewable capacity and signal to other manufacturers that hybrid sourcing is viable.