Order Win
Ayana Renewable Wins 50 MW SECI Wind Project Under ONGC NTPC Green JV
NSE
NTPCGREEN
BSE
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NTPC Green Energy Limited informed the stock exchanges that Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy Limited and ONGC Green Limited), has won a 50 MW wind power project in the Solar Energy Corporation of India (SECI) wind tender at a tariff of ₹3.85/kWh.
PRICE-SENSITIVE TRIGGER
Event: Ayana Renewable Power Private Limited emerged as the successful bidder for a 50 MW wind power project under SECI’s tariff-based competitive bidding process.
Type: Order Win
Impact: Positive
Immediate Effect: The project win expands the renewable energy portfolio of the ONGC NTPC Green joint venture and strengthens its execution pipeline in India’s utility-scale wind energy sector.
What Happened ?
NTPC Green Energy Limited, through a Regulation 30 disclosure, announced that Ayana Renewable Power Private Limited secured a 50 MW wind power project in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI).
Ayana is a wholly owned subsidiary of ONGC NTPC Green Private Limited, a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited.
The capacity was awarded under SECI’s tender for developing 2,000 MW ISTS-connected wind power projects through tariff-based competitive bidding.
key details
Project Details:
- Ayana won 50 MW of wind power capacity.
- The project was awarded under SECI’s 2,000 MW ISTS-connected Wind Power Developers Tender (SECI-Tranche-XX).
- The discovered tariff for the project is ₹3.85 per kWh.
- The successful bid was secured through an e-reverse auction.
- The auction concluded on 15 July 2026.
Note: The announcement relates to a project award. The company has not disclosed the project value, execution timeline, expected commissioning schedule, or estimated revenue contribution.
Risk Analysis
Summary:
- The order strengthens the company’s renewable project pipeline; however, successful execution remains subject to regulatory approvals, project development milestones, and timely commissioning.
Key Risks:
- Revenue realization will begin only after project commissioning.
- Project execution depends on land acquisition, grid connectivity, and statutory approvals.
- No financial impact or earnings guidance has been disclosed.
Worst Case:
- Any delay in project execution, regulatory approvals, or infrastructure readiness could postpone commissioning and defer revenue generation.
Risk Level: Medium
Company Commentary
- Ayana Renewable Power Private Limited emerged as the successful bidder in SECI’s wind power auction.
- The company secured 50 MW capacity at a tariff of ₹3.85/kWh.
- Ayana is a wholly owned subsidiary of ONGC NTPC Green Private Limited.
- The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Official Exchange Filing: NTPC Green Energy Limited
