Jindal India Renewable Energy (JIRE), part of BC Jindal Group, has secured a 300MW solar-plus-storage project from SJVN under its 1,200MW ISTS tender at ₹3.32/kWh (~$0.04/kWh). The build-own-operate project must be completed within 24 months of the PPA signing. As per tender terms, JIRE must deploy a minimum 0.5MW/2MWh battery system per MW of contracted capacity. The 25-year agreement is intended to supply power to state utilities. JIRE also recently received a similar 300MW project from NHPC and plans to invest $2.5 billion in renewables, including a 2GW solar cell and module plant in Maharashtra.