Synopsis: NTPC Green Energy Limited’s joint venture subsidiary, Ayana Renewable Power Private Limited, has emerged as the successful bidder for a 50 MW wind power project in a Solar Energy Corporation of India (SECI) tender. The project was secured at a tariff of Rs. 3.85 per kWh, strengthening the company’s renewable energy portfolio and supporting its long-term capacity expansion plans.
Shares of NTPC Green Energy Limited are likely to remain in focus after Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited (a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited), emerged as the successful bidder in a SECI wind power auction.
NTPC Green Energy Limited has a total market capitalization of approximately Rs. 78,483 crore. The company’s shares were trading at Rs. 92.99 apiece on the stock exchange. The stock has declined 5.25 percent over the last month. The stock touched a 52-week high of Rs. 120 and a 52-week low of Rs. 84.
According to the company’s exchange filing, Ayana Renewable Power secured a 50 MW wind power project in the e-reverse auction conducted by the Solar Energy Corporation of India Limited (SECI) under SECI Tranche-XX, which invited bids for the development of 2,000 MW ISTS-connected wind power projects across India through tariff-based competitive bidding.
Ayana won the project at a tariff of Rs. 3.85 per kWh, with the auction concluding on July 15, 2026. The project forms part of the Central Government’s efforts to expand interstate transmission system (ISTS)-connected renewable energy capacity and accelerate India’s transition towards cleaner sources of electricity.
The project further strengthens NTPC Green Energy’s renewable energy pipeline through its joint venture platform with ONGC Green. Winning projects under competitive SECI auctions enhances long-term revenue visibility, as such projects are generally backed by long-term power purchase arrangements and predictable cash flows after commissioning.
The order also highlights the strategic importance of the ONGC-NTPC partnership in expanding renewable energy assets across solar and wind segments. By leveraging Ayana’s execution capabilities and the financial strength of its parent entities, the joint venture is well positioned to participate in India’s rapidly growing clean energy market.
India continues to accelerate renewable energy deployment as it works towards its ambitious clean energy targets. Government agencies such as SECI are regularly awarding large-scale wind and solar projects through competitive bidding, creating significant opportunities for developers with strong execution capabilities and access to capital.
For investors, the 50 MW project reinforces NTPC Green Energy’s strategy of expanding its renewable generation portfolio through both organic and inorganic routes. Although the project size is relatively modest compared with the company’s overall pipeline, continued success in competitive renewable energy auctions could strengthen its long-term capacity growth, improve revenue visibility and enhance its position in India’s renewable energy sector.
Incorporated in April 2022, NTPC Green Energy Limited is a renewable energy company focused on developing solar, wind and hybrid power projects through both organic and inorganic growth strategies. The company serves as the renewable energy platform of NTPC Limited and is expanding its clean energy portfolio through strategic partnerships and large-scale renewable power projects.
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