Ayana Renewable Power, a joint venture subsidiary of ONGC and NTPC, has secured a 50 MW wind power project through a SECI auction. The project was won at a tariff of ₹3.85 per kWh, contributing to India's 2,000 MW grid-connected wind capacity goal. NTPC Green Energy shares closed at ₹93.00 on the NSE today.
Ayana Renewable Power Pvt Ltd has successfully secured a 50 MW wind power project following a competitive bidding process conducted by the Solar Energy Corporation of India (SECI). This project is part of a larger government initiative aimed at developing 2,000 MW of grid-connected wind power capacity across the country. The auction concluded on July 15, 2026, with the company winning the capacity at a tariff of ₹3.85 per kilowatt-hour.
Strategic Ownership and Funding
Ayana Renewable operates as a subsidiary of ONGC NTPC Green Pvt Ltd, a joint venture between NTPC Green Energy Ltd and ONGC Green Ltd. This ownership structure connects the project to two of India's major public sector energy entities. To support its broader business objectives, NTPC Green Energy recently finalized plans on July 9, 2026, to raise ₹2,500 crore through the issuance of unsecured non-convertible debentures. These debt instruments offer an annual interest rate, or coupon, of 7.27% and are set to mature in 10 years. The company intends to use these funds for capital spending, loan refinancing, and providing financial support to its various subsidiaries and joint ventures, including the renewable power arm.
Market Context and Stock Performance
On July 15, 2026, shares of NTPC Green Energy were trading on the National Stock Exchange and closed at ₹93.00. This price reflected a decline of approximately 1.22%, or ₹1.15, compared to the previous day’s finish. In the renewable energy sector, companies often face competition in tariff-based auctions, where bidding at lower rates can impact long-term profitability. Investors typically monitor whether the winning tariff allows for sustainable returns, especially as firms manage the debt used to fund large-scale infrastructure projects.
For investors, the next steps include tracking the project’s commissioning timeline and any future updates on how these subsidiary projects contribute to the consolidated financial performance of the parent companies. The ability of the company to execute this wind capacity within the projected timelines and costs will be an important factor for market analysts assessing the growth of its renewable portfolio.