The Shyam Jindal-promoted conglomerate secured the order at a tariff of ₹5.07/kWh in a reverse auction.
New Delhi-headquartered BC Jindal Group has signed a 150 MW power purchase agreement (PPA) with state-owned Solar Energy Corporation of India Ltd (SECI) for round-the-clock (RTC) renewable energy solutions. The agreement is part of SECI’s 1,200 MW RTC renewable energy tender floated in November 2024.
The Shyam Jindal-promoted conglomerate, with an annual turnover of ₹180 billion ($2.16 billion), secured the 150 MW allocation at a competitive tariff of ₹5.07 per kilowatt hour (kWh) through reverse auction. The group will develop Inter-State Transmission System (ISTS)-connected hybrid projects comprising solar, wind, and battery energy storage systems (BESS).
Under the contract, BC Jindal Group will oversee land identification, project installation, and interconnection with the ISTS network to supply power to distribution companies (DISCOMs) tied up through SECI. The project must be commissioned within 24 months of signing, subject to sub-station availability.
Amit Kumar Mittal, CEO of Jindal India Renewable Energy, a subsidiary of BC Jindal Group, stated, “Since the Group’s foray into the sector in FY2025, it has secured a total of 750 MW of renewable energy projects involving an investment of over ₹80 billion ($960 million). This project win underscores our strength and expertise in implementing complex projects on platforms like RTC in India’s rapidly evolving energy sector.”
In FY2025-26, the group has secured 450 MW of renewable capacity from state-owned entities, including a 300 MW solar-plus-storage project from SJVN. Additionally, its renewable energy arm received a letter of award (LoA) for a 300 MW solar-plus-storage project from NHPC, part of the state-owned hydropower utility’s 1,200 MW ISTS-connected solar initiative, which includes 600 MW/1,200 MWh of energy storage.
BC Jindal Group plans to implement a diversified portfolio of solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects as part of its growth strategy in India’s $24 billion renewable energy market.