THEBUSINESSBYTES
BUREAU
BHUBANESWAR,
MAY 19, 2026
Oyster Renewable
Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd have announced the development of
a 31.6 MW solar-wind hybrid renewable energy project in Kadapa district of Andhra
Pradesh, marking a major step forward in industrial decarbonisation and clean
energy adoption in India’s cement sector.
The project, being
developed by Oyster Renewable with an investment of approximately ₹270 crore, will comprise 21.6 MW of
wind capacity and 10 MW of solar power. The co-located hybrid configuration is
designed to provide a more stable and balanced renewable
energy supply for industrial consumption. The project is expected to be
commissioned in 2027.
Commenting on the
development, Siddharth Bhatia, Managing Director & CEO, Oyster Renewable
Energy Pvt Ltd, said: “This project marks a significant addition to Oyster
Renewable's track record of delivering utility-scale hybrid assets for India's
industrial sector, while enabling Dalmia Cement to abate significant carbon
emissions annually and advance its sustainability commitments. Heavy industries
like cement are among the hardest to decarbonise, and hence, critical to
address. This project is expected to reduce carbon emissions by ~70,000 metric
tonnes annually and marks a step towards our goal of building 3.5 GW of hybrid
renewable capacity by 2030, backed by a planned investment of ₹30,000 crores. We value this
partnership with Dalmia Cement, a company with one of the lowest CO₂ footprints in the global cement sector.”
On this milestone, Dharmender
Tuteja, CFO, Dalmia Bharat Ltd., said: “This project marks another important
milestone in Dalmia Cement's renewable energy journey and reinforces our
commitment to our aspiration of becoming carbon negative by 2040. The 31.6 MW
hybrid power project will reduce nearly 70,000 MT of CO₂ emissions annually, directly strengthening
our plant-level carbon efficiency and sustainability metrics. This partnership
with Oyster Renewable will further accelerate our decarbonisation roadmap.”
Oyster Renewable’s hybrid energy model, which combines solar and wind generation at scale, is emerging as a key driver of India’s industrial decarbonisation efforts. The partnership demonstrates how purpose-built renewable infrastructure can provide reliable and cost-competitive clean energy solutions for energy-intensive industries such as cement manufacturing.
In line with Oyster Renewable’s development philosophy, the project has also incorporated local workforce participation and regional supply-chain engagement, ensuring that the clean energy initiative creates sustainable economic value for communities in the Kandi Village region of Andhra Pradesh.
