Joon Realty Expands with Rs 1125 Crore Development Plan
Piramal Realty expands Revanta with Tower 5 in Mumbai
Piramal Realty has launched Tower Five, Raynav, at its flagship Piramal Revanta development in Mulund.
The new residential tower, nestled in a growing green micro-market, has recorded significant early sales, with over 50 percent of its inventory sold within months, and a notable 15 percent uptake by non-resident Indian (NRI) homebuyers. With this launch, the total sold residential space at Revanta has now crossed 1 million square feet, marking a substantial milestone for Piramal Realty, the real estate arm of the Piramal Group. The project, spread over 12 acres, is designed as a modern, eco-conscious township model that integrates urban luxury with biophilic architecture and sustainable design.
As of April 2025, three towers—1, 2 and 3—have already been delivered, with over 600 families in residence. Tower Four is slated for handover shortly, further cementing Revanta’s position as one of the fastest progressing residential projects in Mumbai’s central suburbs. Tower Five is expected to continue this momentum with its offering of 2BHK and 3BHK + study units, all equipped with deck spaces, catering to the post-pandemic preference for homes that blend private and semi-outdoor spaces. Raynav rises to 37 storeys and sits within ‘Vana’, a 3-acre private park embedded into the township’s broader 12-acre ecosystem. The project’s location at the intersection of Lal Bahadur Shastri Marg and the upcoming Goregaon-Mulund Link Road (GMLR) makes it strategically placed for connectivity, a vital factor in Mumbai’s real estate market where commuting times significantly influence buyer decisions.
While location and design have been key differentiators, what sets Piramal Revanta apart is its emphasis on low-density living and green open spaces, which remain rare in high-density cities like Mumbai. The development includes over 5.5 acres of amenities and maintains 30 percent of its total area as open green space, addressing both the spatial and ecological needs of modern urban families. A highlight of the project is Club Rasa, a 20,000 sq ft luxury lifestyle and wellness clubhouse, which has already been completed and handed over. A second 10,000 sq ft clubhouse is under construction, promising residents an expanded range of wellness, fitness and recreational facilities. These amenities, coupled with the project’s biophilic layout and design-led planning, appeal to discerning homebuyers seeking more than just four walls and a ceiling.
The launch also reveals shifting market trends in Mulund. Traditionally viewed as a quiet residential zone with limited aspirational housing, Mulund is now emerging as a preferred micro-market for mid to high-income housing, driven by infrastructure development and increasing demand from both domestic and international buyers. Experts point to the role of integrated townships like Revanta in redefining Mulund’s real estate character, transitioning it from a legacy suburb to a growth-oriented urban node. The developer’s leadership emphasised that the Revanta vision goes beyond housing—it aims to create a community model that harmonises modern living with sustainability. The township has been planned with rainwater harvesting systems, energy-efficient lighting, and designs that maximise natural ventilation and daylight, contributing to reduced energy usage. While not formally rated under India’s green building certification systems, its design intent reflects strong alignment with net-zero and climate-resilient urban planning principles.
Another key highlight has been the strong NRI response, which accounts for 15 percent of Tower Five’s sales. Real estate analysts attribute this trend to a renewed appetite for high-quality housing in India among overseas Indians, especially those seeking long-term lifestyle investments post-pandemic. For many, Mumbai remains a sentimental and financial anchor, and projects like Revanta offer the kind of world-class, professionally managed developments that meet international expectations. This surge in interest has been further supported by stable policy regimes, growing transparency in Indian real estate through RERA compliance, and an increasing shift toward branded developers who deliver on time and promise. Piramal Realty’s track record in delivering Towers 1 through 3, on schedule, appears to have played a significant role in cementing buyer trust.
Industry observers believe that the successful uptake at Tower Five indicates pent-up demand for quality suburban housing that offers both lifestyle and locational advantages. With Mumbai’s core areas becoming increasingly unaffordable and congested, the city’s growth story is expected to move northwards and eastwards—toward well-connected hubs like Mulund, where new infrastructure projects such as the GMLR, Metro Line 4, and road-widening projects are set to significantly enhance accessibility. The broader narrative here is not just about another tower launch but about the emergence of a more balanced, inclusive, and environmentally responsive approach to housing development in Mumbai. While challenges remain, particularly around ensuring equitable access to such housing models across income groups, Revanta’s success does offer a template for future urban residential planning—one that combines density control, ecosystem integration, and high urban liveability.
As Mumbai continues to wrestle with the consequences of unchecked vertical expansion and inadequate urban infrastructure, projects like Piramal Revanta demonstrate how private developers can play a critical role in advancing the city’s transition toward resilient, sustainable and humane urban habitats.
Piramal Realty expands Revanta with Tower 5 in Mumbai
Sustainable Logistics Parks in Maharashtra Promise Economic Transformation
The Maharashtra government has formalised a substantial ₹5,127 crore agreement. This Memorandum of Understanding (MoU) with prominent logistics developers, backed by a major global investment firm, will spearhead the development of more than ten advanced industrial and logistics parks strategically located across pivotal regions within the state.
This landmark collaboration is anticipated to inject considerable momentum into Maharashtra’s economic engine and significantly augment its employment landscape, with projections indicating the creation of over 27,500 direct and indirect job opportunities. These state-of-the-art parks will collectively encompass a sprawling 794.2 acres, with ambitious construction plans covering 1.85 crore square feet. Furthermore, this initiative signifies a substantial influx of foreign direct investment, underscoring the state’s attractiveness as a prime investment destination. Strategically situated in key industrial and logistics nerve centres such as Nagpur, Bhiwandi, Chakan, Sinnar, and Panvel, these meticulously planned parks are poised to become crucial catalysts for enhancing the efficiency of supply chains and amplifying the competitiveness of the manufacturing sector. The design ethos underpinning these facilities prioritises environmental responsibility and digital integration, aligning seamlessly with the Maharashtra Logistics Policy 2024 and the state’s overarching vision for a future defined by sustainable development.
The signing of the MoU was marked by the presence of senior government officials, who lauded the partnership as a transformative stride towards establishing world-class logistics infrastructure. This infrastructure is envisioned to not only meet but exceed international benchmarks for environmental sustainability, employment generation, and digital readiness, thereby positioning Maharashtra as a pre-eminent hub for industrial advancement, warehousing innovation, and seamless multimodal logistics within India. This ambitious undertaking is also expected to significantly bolster the state’s aspiration of achieving a $1 trillion economy, fostering a climate of robust and sustainable economic expansion. The strategic focus on developing green and digitally enabled logistics parks underscores Maharashtra’s commitment to fostering a future where economic prosperity and environmental stewardship are intrinsically linked. By prioritising sustainable construction practices, integrating renewable energy sources, and implementing smart digital solutions, these parks aim to minimise their carbon footprint and promote resource efficiency throughout their operational lifecycle. This forward-thinking approach not only aligns with global best practices but also enhances the long-term viability and resilience of the state’s industrial infrastructure.
The anticipated creation of over 27,500 jobs spans a diverse range of skill sets, from advanced logistics management and clean technology manufacturing to warehousing operations and digital infrastructure maintenance. This employment generation potential offers a significant boost to local communities, fostering economic empowerment and contributing to a more equitable distribution of opportunities across the state. Moreover, the emphasis on digital integration within these parks will necessitate the upskilling of the workforce, preparing them for the demands of a modern, technology-driven logistics sector. The selection of strategic locations for these industrial and logistics parks reflects a deep understanding of existing industrial ecosystems and future growth corridors. By concentrating development in established hubs like Bhiwandi and Panvel, which already benefit from proximity to major transportation arteries and ports, and fostering growth in emerging industrial centres like Chakan and Sinnar, the state aims to create a cohesive and interconnected logistics network. The inclusion of Nagpur, strategically positioned as a central logistics node, further strengthens Maharashtra’s role in facilitating efficient movement of goods across the country.
This landmark investment in green logistics infrastructure not only enhances Maharashtra’s economic competitiveness but also sets a compelling precedent for other states in India. By demonstrating that large-scale industrial development can be pursued in an environmentally responsible manner, Maharashtra is paving the way for a more sustainable and equitable model of economic growth. The focus on creating digitally advanced and eco-friendly logistics parks underscores the state’s commitment to attracting future-oriented industries and fostering a business environment that prioritises both economic prosperity and environmental well-being for its citizens. This initiative represents a significant step towards realising the vision of a truly sustainable and economically vibrant Maharashtra.
Sustainable Logistics Parks in Maharashtra Promise Economic Transformation
India Unveils Carbon Capture Units for Green Cement
Department of Science and Technology (DST) has launched five Carbon Capture and Utilisation (CCU) testbeds specifically for the cement industry.
These industrial-scale pilots, inaugurated during the National Technology Day celebrations on May 11, 2025, mark a milestone in the country’s quest for industrial decarbonisation and signal a turning point in sustainable manufacturing under India’s net zero agenda. The testbeds, established through public-private partnerships between top academic institutions and leading cement manufacturers, are designed to demonstrate cutting-edge CCU technologies tailored for the cement sector—a major emitter in India’s construction-led economy. Together, these testbeds form India’s first coordinated CCU cluster and are part of a strategic national initiative to meet the country’s Nationally Determined Contributions (NDCs) and the long-term goal of becoming carbon neutral by 2070.
India’s cement sector contributes roughly 8% of the nation’s total carbon dioxide (CO₂) emissions, largely due to energy-intensive clinker production and calcination processes. While the industry has made strides in energy efficiency and alternative fuels, it remains one of the so-called “hard-to-abate” sectors, meaning that full decarbonisation through conventional means is unlikely. CCU presents a transformative opportunity—capturing CO₂ directly from industrial flue gases and converting it into commercially viable products like construction aggregates, synthetic fuels, food-grade carbon dioxide, and specialty chemicals. Recognising this potential, the DST’s Centre for Energy and Sustainable Technology (CEST) division had earlier launched a specialised call to mobilise academia-industry consortia for CCU deployment in the cement industry. The goal was clear: enable the development and demonstration of integrated carbon capture and utilisation units within operational cement plants, supported by a Public Private Partnership (PPP) funding model that pools government R&D support with corporate investment.
All five testbeds are being developed as collaborative pilots within existing industrial ecosystems, ensuring relevance, scalability, and faster technology transfer. While each project has its unique technological approach, they all aim to capture and convert significant volumes of CO₂, offering viable templates for decarbonising the broader cement industry. One of the pilots, hosted at the National Council for Cement and Building Materials in collaboration with a major cement company, is designed to capture up to two tonnes of carbon dioxide per day. The system uses oxygen-enhanced calcination—a process that boosts CO₂ purity during production—and mineralises the captured gas into lightweight concrete blocks and olefins. The approach not only sequesters emissions but also generates value-added products, embodying the essence of circular carbon economy.
Another testbed will deploy a vacuum swing adsorption system to selectively extract carbon dioxide from cement kiln gases. The captured gas will be reintroduced into the manufacturing cycle by embedding it in construction materials, effectively closing the loop and aligning with circularity principles increasingly promoted in green infrastructure design. A third pilot focuses on catalysis-driven conversion. It aims to harness proprietary chemical catalysts to accelerate the transformation of CO₂ into high-value chemicals. Housed within an operational cement plant, this approach underscores India’s growing push to scale indigenous clean-tech solutions that can stand up to global climate targets.
These pilot-scale projects are expected to serve as real-world demonstration units that not only validate laboratory research but also help build industrial and investor confidence in emerging carbon technologies. Their outcomes could inform future commercial deployment and regulatory incentives, especially as India works to align its industrial development with global climate commitments. Experts from the research community have stressed that continued innovation in catalysts, electrolysers, reactors, and advanced materials is vital to making CCU economically sustainable in the long run. They noted that if successful, these innovations could dramatically reduce the cost of producing green cement and provide the industry with viable alternatives to offset carbon pricing risks in the future.
Officials overseeing the programme reiterated that this initiative is more than an academic exercise—it is an ambitious, actionable roadmap towards greener cities and industries. The cement sector, which plays a foundational role in urbanisation and infrastructure, must align with India’s commitment to environmentally responsible growth. While the current phase focuses on cement, the long-term vision includes extending CCU applications to other hard-to-abate sectors such as steel, oil and gas, fertilisers, and chemicals. The DST has already outlined plans to replicate this testbed cluster model in those industries, fostering an ecosystem where innovation, policy, and industrial strategy work in tandem.
This initiative also arrives at a time when international attention on industrial emissions is intensifying. With major global economies exploring carbon border taxes and green product certifications, India’s proactive stance on CCU could help cement exporters remain competitive in international markets by meeting stricter carbon disclosure norms. Urban development experts have hailed the move as timely, especially as Indian cities undergo rapid construction-led growth. Embedding low-carbon cement in infrastructure projects could yield long-term environmental benefits, from improved air quality to more climate-resilient buildings. In the longer term, these efforts could shape greener cityscapes and reduce the carbon footprint of affordable housing, public infrastructure, and transportation networks.
While the testbeds are still in their early stages, the ambition is clear: to build a blueprint for carbon capture that integrates seamlessly with India’s industrial fabric. With the right mix of policy support, corporate participation, and public awareness, these testbeds may well become the foundation of India’s green industrial revolution.
India Unveils Carbon Capture Units for Green Cement
Gujarat RERA Targets Unregistered Project Marketing
The Gujarat Real Estate Regulatory Authority (GujRERA) has initiated legal proceedings against the promoters of the Shivalik Wave project in Ahmedabad for allegedly marketing and booking units prior to obtaining mandatory registration under the Real Estate (Regulation and Development) Act, 2016 (RERA).
This action underscores the authority’s commitment to enforcing compliance and protecting consumer interests in the real estate sector. The Shivalik Wave project, a 32-storey commercial development located near Vaishnodevi Circle, was reportedly promoted through various marketing channels before securing RERA registration. Photographic evidence presented during the proceedings indicated that promotional materials lacked the requisite RERA registration number, a clear violation of Section 3(1) of the RERA Act, which prohibits advertising or selling any real estate project without prior registration.
In response to these findings, GujRERA has referred the case to its secretary for appropriate legal action against the project’s promoters. This move reflects the authority’s proactive stance in addressing non-compliance and ensuring that developers adhere strictly to the legal framework established to safeguard homebuyers and investors. This is not the first instance where the Shivalik Group has faced regulatory scrutiny. In a previous case, the group was fined ₹10 lakh for booking units in the Shivalik Sharda Harmony project before obtaining necessary approvals for alterations, further highlighting the importance of compliance with RERA provisions.
The GujRERA’s actions serve as a stern reminder to real estate developers about the critical importance of adhering to regulatory requirements. Non-compliance not only attracts legal penalties but also erodes consumer trust, which is vital for the sustainable growth of the real estate sector. As the real estate industry continues to evolve, regulatory bodies like GujRERA play a pivotal role in maintaining transparency and accountability. Their vigilant oversight ensures that the interests of consumers are protected, and that the sector operates within the bounds of the law, fostering a more equitable and sustainable urban development landscape.
Gujarat RERA Targets Unregistered Project Marketing
Panchkula Property Prices Surge Amid Luxury Demand
Panchkula has emerged as a fast-growing hub for India’s luxury residential market in 2025, witnessing sharp appreciation in property prices and a surge in premium housing demand.
Data from ANAROCK indicates a price jump from ₹5,000–7,500 per sq. ft. to ₹6,200–8,500 over the past five years, underlining the region’s growing appeal among aspirational buyers and investors. Experts say this transformation is driven by Panchkula’s unique blend of scenic living and high-end infrastructure. Nestled near the Shivalik foothills and with planned urban development, the city offers a quieter, greener lifestyle while maintaining proximity to major transit routes such as NH-7, the Ambala-Chandigarh Expressway, and Chandigarh International Airport. “Panchkula’s luxury housing market isn’t just growing — it’s rewriting the rules,” said Parvinder Singh, CEO of Trident Realty. “Buyers aren’t just investing in homes — they’re embracing a lifestyle where serenity meets sophistication.”
The city has attracted a growing number of high-net-worth individuals, particularly NRIs who see the weakening rupee as an opportune moment to invest in off-city luxury real estate. These investors are targeting low-rise independent floors, spacious apartments, and plotted developments with modern amenities, private lawns, and resort-like features. “Families are choosing Panchkula for its peaceful environment and exclusivity,” said Aakash Ohri, Joint Managing Director at DLF Homes. “We’ve seen consistent demand for premium units, especially among NRIs looking for long-term value and privacy.” Developers are responding with upscale townships and apartment projects offering 3BHK and 4BHK configurations, stilt parking, expansive decks, and panoramic views. This growth is supported by Panchkula’s well-maintained civic infrastructure, public welfare improvements, and strategic urban planning, setting it apart from saturated metro markets.
The rise of Panchkula’s luxury segment in 2025 is a reflection of how India’s real estate preferences are evolving. As urban homebuyers and NRIs seek balance between exclusivity and liveability, cities like Panchkula are becoming emblematic of the new face of premium Indian housing.
Panchkula Property Prices Surge Amid Luxury Demand
India Top Cities With Highest Property Rates in 2025
India’s real estate sector is witnessing a sharp rise in high-end property prices across major cities, driven by infrastructure growth, urban migration, and demand for luxury living. In 2025, Mumbai, Delhi NCR, Bengaluru, Pune, and Hyderabad top the list of the most expensive property markets in the country.
Mumbai, the financial capital, remains India’s costliest city for real estate. Limited land supply, strong demand in areas like South Mumbai and Bandra, and large-scale projects such as the Coastal Road and Trans-Harbour Link continue to drive prices. Rates range from ₹30,000 to ₹1,00,000 per sq. ft., making it the highest in the country.
Delhi NCR, which includes Gurugram and Noida, holds the second spot. Lutyens’ Delhi and South Delhi command steep prices, while infrastructure developments like Jewar Airport and corporate expansions in Gurugram push up values. Premium property rates fall between ₹15,000 and ₹60,000 per sq. ft.
Bengaluru ranks third, propelled by its booming tech ecosystem. Popular zones such as Indiranagar and Whitefield are seeing strong appreciation, with prices averaging ₹10,000 to ₹30,000 per sq. ft. The city’s metro expansion and ring roads are also boosting real estate momentum.
Pune, once seen as a more affordable alternative to Mumbai, is now a high-value destination in its own right. With sectors like IT and manufacturing flourishing and top neighbourhoods like Koregaon Park and Baner in demand, property rates have surged to ₹9,000–₹25,000 per sq. ft.
Hyderabad, backed by pro-investment policies and strong demand in areas such as HITEC City and Gachibowli, has become a premium market. Prices in top locations now range from ₹8,000 to ₹20,000 per sq. ft., shaking off the city’s earlier “affordable” tag.
The surge in property prices across these metros is being fuelled by urbanisation, infrastructure upgrades, NRI investments, and the growing demand for smart, gated communities. As Indian cities evolve into global hubs, these five continue to lead the country’s high-end real estate charge in 2025.
India Top Cities With Highest Property Rates in 2025
Rs 20000 Cr Worldmark Project to Redefine Delhi
Bharti Real Estate, the real estate arm of Sunil Bharti Mittal-led Bharti Enterprises, is set to invest ₹20,000 crore over the next five to six years to develop a sprawling commercial and retail hub in Delhi’s Aerocity.
The project—spanning 17 million square feet—will house India’s biggest entertainment-driven mall, premium office spaces, and a high-end retail district, transforming Aerocity into a global business destination. In an interview with Moneycontrol, Bharti Real Estate MD and CEO SK Sayal revealed that the mega development will unfold in three phases: Worldmark 2.0, 3.0, and 4.0. Worldmark 2.0, already underway, will feature The Haute District—an ultra-luxury retail space—and the country’s largest indoor entertainment destination. The mall is targeted for completion by March 2027. Half of the office space in Worldmark 2.0 has already been leased and is scheduled for delivery by end-2025.
Strategically positioned near the Indira Gandhi International Airport, Aerocity enjoys prime connectivity through NH8, the Airport Express Metro, and the planned Golden Line. A proposed air train connecting terminals will further boost footfall and access. Bharti currently operates Worldmark 1, 2, and 3—spread across 1.3 million square feet—in partnership with Brookfield Properties, which holds a 50% stake. However, the Worldmark brand remains exclusively owned by Bharti Real Estate. Worldmark’s commercial spaces command premium rentals, reportedly ranging from ₹225 to ₹250 per square foot—among the highest in the country. The new phase will include three interconnected “donut-shaped” buildings, underground parking for 8,000 vehicles, and multi-storey structures up to eight floors. Sayal noted the company’s continued focus on government-approved, marquee properties in the Capital, hinting at future interest in strategic assets such as The Ashok Hotel, should disinvestment opportunities arise.
The entire Worldmark project is expected to be completed by 2030, positioning it among India’s largest private commercial real estate undertakings. With this investment, Bharti Real Estate is aiming to set a benchmark for integrated business, retail, and entertainment ecosystems in the country.
Rs 20000 Cr Worldmark Project to Redefine Delhi
Sterlite Power Strengthens India Grid with Smart Green Energy Solutions
As India ramps up efforts to meet its 500 GW non-fossil fuel energy target by 2030, Sterlite Power is emerging as a key enabler of the country’s clean energy ambitions.
The power transmission firm, known for its high-performance infrastructure and global footprint, is executing advanced transmission projects designed to connect renewable energy generation hubs with consumption centres across India and beyond. In states like Rajasthan, Gujarat, and Maharashtrarich in solar and wind potential Sterlite Power is developing high-voltage transmission corridors that will evacuate green energy while easing grid congestion. The company’s strategy integrates cutting-edge innovations such as High-Performance Conductors (HPC) and Gas-Insulated Substation (GIS) technology to expand transmission capacity while reducing environmental footprints.
With the push toward a decarbonised grid, reliability and resilience are non-negotiable. Sterlite Power is leveraging artificial intelligence and digital monitoring tools for real-time tracking and predictive maintenance of its networks. These smart technologies are extending asset lifecycles, reducing outages, and optimising efficiency critical in a climate-vulnerable era where energy reliability is paramount. India’s transmission infrastructure push, however, comes with deep-rooted challenges, ranging from supply chain volatility to regulatory hurdles. The company has navigated global material shortages particularly in copper, aluminium, and optical fibre by diversifying its vendor base, entering long-term contracts, and investing in domestic manufacturing facilities. This localisation strategy has not only stabilised project timelines but also contributed to ‘Make in India’ goals.
On the regulatory front, Sterlite Power has focused on collaborative governance. By engaging early with authorities, the company has streamlined processes for land acquisition, environmental clearances, and permitting. This has accelerated project execution, offering lessons in public-private coordination for other infrastructure verticals. Beyond transmission lines, the company is investing in grid innovation through flexible alternating current transmission systems (FACTS) and battery energy storage systems (BESS). These solutions help manage renewable intermittency, ensuring stable power delivery in a rapidly transitioning energy landscape.
The company’s global aspirations are equally bold. With a presence in markets across the Americas, Europe, Africa, and the Middle East, Sterlite Power is exporting its sustainability-first approach and technical know-how to regions pursuing their own clean energy transitions. To support this scale, a new greenfield manufacturing facility in Vadodara is being established with Industry 4.0 capabilities to ensure automation, efficiency, and quality control. Sterlite’s research and development investments are equally forward-looking. The firm is introducing smart cables, HVDC and HVAC solutions up to 550 kV, and advanced OPGW cables to meet rising data and transmission demands. The addition of Medium Voltage Covered Conductors (MVCC) underscores its commitment to diversified, resilient infrastructure.
Beyond infrastructure, Sterlite Power’s impact is felt in communities. Its Corporate Social Responsibility programmes focus on skill development, healthcare access, rural electrification, and women’s empowerment aligning infrastructure growth with inclusive development. As India advances toward a sustainable energy future, power transmission will serve as the silent enabler of this transition. With sustainability embedded in its DNA and innovation at its core, Sterlite Power is not merely building gridlines it is laying the foundation for a cleaner, smarter, and more equitable energy ecosystem for the future.
Sterlite Power Strengthens India Grid with Smart Green Energy Solutions
JIRE to Develop 300-MW Solar Project with Energy Storage
Jindal India Renewable Energy (JIRE), the renewable energy arm of the BC Jindal Group, has emerged victorious in securing a significant 300-MW solar project from SJVN Ltd.
This new contract, which is part of SJVN’s ambitious 1,200-MW solar power initiative, marks another pivotal milestone for India’s growing green energy sector. The project also includes a crucial component 600 MW of battery energy storage systems (BESS) which aligns with the country’s expanding need for continuous, reliable renewable energy. Awarded at a competitive tariff of ₹3.32 per kilowatt-hour, the project will be developed on a build-own-operate basis, reinforcing JIRE’s growing presence in the clean energy landscape. The solar installation, located in a greenfield area, is expected to come online within 24 months of the power purchase agreement (PPA), with the agreement lasting 25 years, securing long-term energy supply for the Indian grid.
The new project not only showcases JIRE’s technical prowess but also highlights its commitment to sustainability. As part of the project, the company is tasked with integrating energy storage systems of at least 0.5 MW/2 MWh for every megawatt of contracted solar capacity. This energy storage integration is a vital element in ensuring that intermittent renewable sources like solar can contribute to a reliable, stable grid especially as India moves closer to its goal of a carbon-neutral economy. This development is in perfect harmony with JIRE’s broader objectives of enhancing its renewable energy portfolio to 5 GW, with a diverse range of technologies that include solar, wind, hybrid, and round-the-clock (RTC) energy platforms. To further fuel this expansion, JIRE has already received another major project award a 300-MW solar-plus-storage initiative under the NHPC, marking a significant portion of India’s inter-state transmission system (ISTS) solar programme. These efforts will contribute significantly to meeting India’s renewable energy targets and support the government’s mission to increase solar power capacity to 500 GW by 2030.
Further solidifying its long-term commitment to renewable energy, JIRE is also investing in the development of a 2 GW solar cell and module manufacturing plant in Maharashtra. This facility, scheduled to be operational by September 2026, will enable JIRE to meet the growing demand for solar panels and contribute to India’s self-reliance in solar manufacturing. This investment reflects the company’s forward-thinking approach, especially in light of the projected 11.41 per cent annual growth rate in India’s battery energy storage market through 2032. The BC Jindal Group, established in 1952, has evolved from a steel pipe manufacturer to a key player in India’s renewable energy sector, with a diversified portfolio spanning thermal power plants and renewable energy projects. With an annual turnover exceeding ₹18,000 crore, the group’s ventures into solar power and energy storage systems reflect the growing demand for sustainable energy solutions, positioning India as a global leader in clean energy production.
As India accelerates its transition towards greener energy solutions, projects like the one awarded to JIRE represent a tangible step forward in meeting the country’s climate goals. By integrating solar power with storage solutions, JIRE is not only helping to power India’s homes and businesses with renewable energy but also contributing to the creation of a resilient, sustainable energy infrastructure. With substantial investments planned over the next five years, JIRE’s growth in renewable energy promises to play a crucial role in India’s clean energy future.
JIRE to Develop 300-MW Solar Project with Energy Storage