India’s Jindal SAW Limited, a manufacturer of submerged arc welded (SAW) pipes, ductile iron pipes, and iron ore pellets, has entered into a partnership with ReNew Green Energy Limited to source renewable energy. The agreement involves Jindal SAW acquiring a 31.20% equity stake in a special purpose vehicle, ReNew Green MMH One Private Limited. The investment amount has not been disclosed. This acquisition aims to procure electricity at a concessional rate, with the completion target set for May 31, 2025, or another mutually agreed date.