BC Jindal Group Signs 150 MW RTC Renewable PPA With SECI
Mumbai: BC Jindal Group, one of India’s leading conglomerates with a turnover exceeding ₹18,000 crore, 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. The project forms part of SECI’s 1,200 MW RTC renewable energy initiative, tendered in November 2024.
The Group, led by promoter Shyam Jindal, secured 150 MW capacity at a tariff of ₹5.07/kWh through competitive reverse auction. Under the agreement, BC Jindal Group will establish Inter-State Transmission System (ISTS)-connected renewable energy projects, integrating solar, wind, and battery energy storage systems (BESS). Responsibilities include land identification, project installation, and interconnection with the ISTS network to supply power to DISCOMs tied up through SECI. The project must be commissioned within 24 months of signing, subject to substation availability.
“Since our foray into the sector in FY25, we have secured 750 MW of renewable energy projects involving investments of over ₹8,000 crore. This win highlights our expertise in implementing complex RTC platforms in India’s evolving energy sector. We remain committed to supporting the government’s target of 500 GW renewable capacity by 2030,” said the CEO of Jindal India Renewable Energy.
In FY26 alone, the Group has bagged 450 MW of renewable projects from state-owned entities, including a 300 MW solar-plus-storage project from SJVN. Earlier, its renewable arm received a Letter of Award (LoA) from NHPC for a 300 MW solar-plus-storage project under NHPC’s 1,200 MW ISTS-connected solar initiative, which includes large-scale energy storage systems.
BC Jindal Group plans to expand its renewable portfolio with a mix of solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) projects. Founded in 1952, the Group has diversified from steel pipe manufacturing into power and packaging films. It currently operates a 1,200 MW thermal power unit in Angul, Odisha, and is now accelerating its transition toward renewable energy.
