B.C. Jindal Group, one of India’s leading conglomerates with a turnover exceeding Rs. 18,000 crore, has announced that it has signed a Power Purchase Agreement (PPA) with the state-owned Solar Energy Corporation of India Limited (SECI) for a 150 MW round-the-clock (RTC) renewable energy project. This initiative forms part of SECI’s 1,200 MW RTC renewable energy program, for which the tender was issued in November last year.
The B.C. Jindal Group, led by Shyam Jindal, Promoter, B.C. Jindal Group, had recently secured 150 MW of the total capacity at a tariff of Rs 5.07/kWh through competitive bidding in a reverse auction. Under this project, the Group will develop ISTS-connected renewable energy power projects, encompassing solar, wind, and Battery Energy Storage Systems (BESS). As per the agreement, the B.C. Jindal Group is responsible for land identification, project installation, and interconnection with the ISTS network for power supply to DISCOMs via SECI. The project is scheduled for commissioning within 24 months of the PPA signing, subject to substation availability.
“Since the Group’s entry into the sector in FY25, we have secured a total of 750 MW of renewable energy projects, involving an investment exceeding Rs 8,000 crore. This project win underscores our expertise in executing complex projects on platforms like RTC in India’s fast-evolving energy sector. We will continue to actively support the government’s target of achieving 500 GW of renewable energy capacity by 2030,” said CEO of Jindal India Renewable Energy.
In FY26, the B.C. Jindal Group has already secured 450 MW of renewable energy projects from state-owned entities. The company has also won a 300 MW solar-plus-storage project from SJVN, a public sector undertaking.
Additionally, as part of its order book, the Group, through its renewable energy arm Jindal India Renewable Energy, received a Letter of Award (LoA) for a 300 MW solar-plus-storage project from NHPC in FY25. This project is part of NHPC’s 1,200 MW ISTS-connected solar power initiative, which includes 600 MW/1,200 MWh energy storage systems.
The B.C. Jindal Group plans to implement a combination of solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) projects.
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