Terra Clean, a wholly owned subsidiary of Indian Oil Corporation, has issued a request for proposal for land aggregation to develop a 300 MW intrastate transmission system (InSTS)-connected solar project in Gujarat.

The project will have a greenshoe option for an additional 300 MW.

The project will be located near the 220 kV Bhalgamda GETCO Substation in Morbi district.

Bids must be submitted by January 1, 2026. Bids will be opened on the same day.

The projects must be completed within nine months.

The scope of work entails arranging land for the solar project.

Bidders must have arranged land for solar, wind, hybrid, or solar park projects with a cumulative capacity of at least 20 MW, including at least one project with a capacity of 10 MW.

Alternatively, they must have arranged land of at least 70 acres for non-residential industrial, infrastructure, logistics, or warehousing projects, with at least one project covering 35 acres.

Bidders must have an annual turnover of ₹199.4 million (~$2.25 million) in any of the last five financial years. The bidders must also have a net worth of at least 100% of their paid-up share capital as of the last day of the preceding financial year.

If this condition is not met individually, bidders may rely on the financial strength of subsidiaries or holding companies, provided that the combined net worth meets the minimum requirement and each supporting entity meets at least 75% of its own paid-up capital.

In September this year, Terra Clean invited bids to aggregate land for 100 MW solar projects in Banaskantha, Gujarat. The tender also includes a greenshoe option up to 100 MW.

In August, it issued a request for proposal for the land aggregation of a 300 MW solar project in Morena, Madhya Pradesh. The tender also includes a greenshoe option for an additional 300 MW capacity.