+
Jindal Arm Wins Rs 22 Bn Solar-Storage Project
POWER & RENEWABLE ENERGY

Jindal Arm Wins Rs 22 Bn Solar-Storage Project

BC Jindal Group, one of India’s leading business conglomerates with a turnover exceeding Rs 180 billion, announced that its renewable energy subsidiary, Jindal India Renewable Energy (JIRE), has secured a 300 MW solar-plus-storage project from state-owned SJVN.

The project, part of SJVN’s 1,200 MW ISTS-connected solar tender with 600 MW/2,400 MWh battery energy storage systems (BESS), will be developed on a build-own-operate basis. JIRE won the bid at a tariff of Rs 3.32/kWh, and must commission the project within 24 months of signing the power purchase agreement (PPA).

SJVN will procure power from JIRE for 25 years, with the energy sold to state utilities. The terms mandate deployment of a 0.5 MW/2 MWh BESS for every 1 MW of contracted capacity.

This win follows a recent Letter of Acceptance from NHPC for a similar 300 MW solar plus storage project, reinforcing JIRE’s position in large-scale renewables.

JIRE plans to invest USD 2.5 billion (approx. Rs 208 billion) in clean energy over the next five years, targeting 5 GW capacity across solar, wind, hybrid, RTC, and FDRE platforms. It is also setting up a 2 GW solar cell and module manufacturing facility in Maharashtra, expected to go live by September 2026.

To support India’s energy transition, JIRE’s strategic focus includes expanding operational assets nationwide, funded through internal accruals and debt. Battery energy storage, a key enabler for grid reliability and round-the-clock power, is set to grow at a CAGR of 11.41 per cent through 2032.

Founded in 1952, the BC Jindal Group evolved from a steel pipe manufacturer to a major energy player, operating a 1,200 MW thermal unit in Odisha and now scaling its renewable ambitions through JIRE.

BC Jindal Group, one of India’s leading business conglomerates with a turnover exceeding Rs 180 billion, announced that its renewable energy subsidiary, Jindal India Renewable Energy (JIRE), has secured a 300 MW solar-plus-storage project from state-owned SJVN.The project, part of SJVN’s 1,200 MW ISTS-connected solar tender with 600 MW/2,400 MWh battery energy storage systems (BESS), will be developed on a build-own-operate basis. JIRE won the bid at a tariff of Rs 3.32/kWh, and must commission the project within 24 months of signing the power purchase agreement (PPA).SJVN will procure power from JIRE for 25 years, with the energy sold to state utilities. The terms mandate deployment of a 0.5 MW/2 MWh BESS for every 1 MW of contracted capacity.This win follows a recent Letter of Acceptance from NHPC for a similar 300 MW solar plus storage project, reinforcing JIRE’s position in large-scale renewables.JIRE plans to invest USD 2.5 billion (approx. Rs 208 billion) in clean energy over the next five years, targeting 5 GW capacity across solar, wind, hybrid, RTC, and FDRE platforms. It is also setting up a 2 GW solar cell and module manufacturing facility in Maharashtra, expected to go live by September 2026.To support India’s energy transition, JIRE’s strategic focus includes expanding operational assets nationwide, funded through internal accruals and debt. Battery energy storage, a key enabler for grid reliability and round-the-clock power, is set to grow at a CAGR of 11.41 per cent through 2032.Founded in 1952, the BC Jindal Group evolved from a steel pipe manufacturer to a major energy player, operating a 1,200 MW thermal unit in Odisha and now scaling its renewable ambitions through JIRE.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?