The Group has bagged 150 MW of the total capacity requirement at a tariff of Rs 5.07/kWh. As part of the project, the Group will be responsible for setting up Inter-State Transmission System (ISTS)-connected renewable energy power projects which would entail building transmission networks and establishing interconnection or delivery points with the ISTS network. As per the stated terms, the B C Jindal Group will be responsible for land identification for the RTC project, project installation and ownership, necessary approvals, and interconnection with the ISTS network, for power supply to DISCOMS tied up for this Power Purchase Agreement (PPA) through SECI.

Commenting on the announcement, the spokesperson of BC Jindal Group, said “Securing the 150 MW-RTC project after competitive bidding is a reaffirmation of our unflinching
commitment to delivering robust and reliable renewable energy solutions. This project win gives a big push to our goal of playing a key role in supporting India’s transition to clean energy and assisting the country achieve its renewable energy target of 500 GW by 2030.”

Recently, Jindal India Renewable Energy (JIRE), the Group’s renewable energy arm, also won a 300 MW solar plus storage project from state-owned, SJVN. The project is part of SJVN’s 1200 MW inter-state transmission system-connected solar power projects tender with 600 MW/2400 MW of battery energy storage systems (BESS). In addition, JIRE also recently received a Letter of Acceptance (LoA) for a 300 MW solar plus storage project from state-owned enterprise NHPC. This project is part of NHPC’s 1200 MW inter-state transmission system (ISTS)-connected solar power initiative, which includes 600 MW/1200 MW energy storage systems.

“These project wins highlight the Group’s capabilities and expertise in implementing crucial projects across solar, wind, hybrid, RTC, and FDRE platforms,” the spokesperson added.

In line with its strategic growth plan, the B C Jindal group intends to invest $2.5 billion in the renewable energy sector by 2030. This investment aims to meet India’s growing energy demand while improving grid stability through advanced battery energy storage systems. Additionally, the group through JIRE is setting up a solar cell and module manufacturing plant in Maharashtra, with a planned annual capacity of 2 GW. The facility is expected to be operational by September 2026. To further strengthen the group’s renewable energy portfolio, JIRE is exploring the expansion of its operational assets across India. This expansion, slated for completion within the next four years, will be funded through internal accruals and debt.

Founded in 1952, BC Jindal Group has expanded from a steel pipe manufacturer into a major player in the power sector. The group currently operates a 1,200 MW thermal power generation unit in Angul, Odisha, and is now focusing on renewable energy.

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SECI was granted Navratna status by the Ministry of Finance recently.

As a leading Central Public Sector Enterprise, SECI plays a pivotal role in the development and expansion of renewable energy (RE) capacity in India, with a cumulative awarded generation capacity exceeding 73 GW as of December 31, 2024. SECI is the premier Renewable Energy Implementing Agency (REIA) in the country, continuously working to meet climate goals and drive sustainable development.

In the financial year 2023-24, the company witnessed a substantial increase of 22.13% in its annual trading volume, with a total of 42.935 billion units traded. SECI recorded a total income of Rs. 13,135.80 Cr., signifying a robust growth of 20.91% over the preceding year. Furthermore, the company achieved a Profit After Tax (PAT) of Rs. 436.03 Cr., reflecting a commendable growth of 38.13%.

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गुप्ता ने एक प्रेस कॉन्फ्रेंस में कहा कि 2030 से आगे देखने की जरूरत है, उन्होंने कहा कि 2047 तक बिजली की मांग 2,000 गीगावाट तक पहुंचने का अनुमान है। वर्तमान में, भारत में 207 गीगावाट अक्षय ऊर्जा क्षमता है और 2030 के अपने लक्ष्य को पूरा करने के लिए उसे सालाना कम से कम 50 गीगावाट जोड़ना होगा।

चेयरमैन ने कहा, “हम अगले एक या दो वर्षों में सार्वजनिक होना चाहेंगे,”

अपने गठन के 13 वर्ष पूरे होने पर, SECI भारत में नवीकरणीय ऊर्जा क्षमता के विकास और विस्तार में एक प्रमुख खिलाड़ी के रूप में उभर कर सामने आया है, जिसकी संचयी स्वीकृत उत्पादन क्षमता 69.25 गीगावाट है और वार्षिक बिजली व्यापार मात्रा 42 बिलियन यूनिट से अधिक है।

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He brings along 34 years of experience in the Power sector in areas like Project Construction, Commissioning, O&M, Commercial and regulatory, Energy and Efficiency Management, developing Solar, Wind, Hybrid and Storage solutions.

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