ONGC-NTPC Green Pvt Ltd completes acquisitions of Ayana Renewable Power Private Limited
The total cost of acquisition is Rs 6,248.50 Crore at Rs 23.22 per share where NGEL’s share in the above cost is Rs 3124.25 Crore i.e. 50% which was funded as equity contribution.
ONGC NTPC Green Private Limited (ONGPL), a 50:50 Joint Venture Company of NTPC Green Energy Limited and ONGC Green Limited, has completed the acquisition of 100% equity stake in Ayana Renewable Power Private Limited on 27.03.2025.
Ayana, a leading renewable energy platform, has capacity of approx. 4112 MW (2123 MW of operational and 1989 MW under-construction assets), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.
Through this acquisition via ONGPL, NTPC Green Energy Limited (NGEL) will expand its capacity in the renewable energy sector to meet its objective of 60 GW of renewable capacity by 2032. The Acquisition has granted the approval of the Competition Commission of India on 11.03.2025 and the acquisition was completed on 27.03.2025, as per the exchange filing stated.
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The total cost of acquisition is Rs 6,248.50 Crore at Rs 23.22 per share where NGEL’s share in the above cost is Rs 3124.25 Crore i.e. 50% which was funded as equity contribution.
Ayana, a leading renewable energy platform, has capacity of approx. 4112 MW (2123 MW of operational and 1989 MW under-construction assets), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.
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