Ayana Renewable Power Pvt Ltd, a wholly owned subsidiary of ONGC NTPC Green Pvt Ltd, has secured a 50 MW wind power project at a tariff of ₹3.85 per unit under SECI's latest competitive bidding round. According to a regulatory filing shared with stock exchanges on July 15, 2026, the project was awarded under SECI's tender for the selection of wind power developers to set up 2,000 MW of ISTS-connected wind power projects in India under tariff-based competitive bidding (SECI Tranche-XX). The company emerged as the successful bidder in SECI's e-reverse auction process, demonstrating competitive pricing in India's renewable energy sector. This win represents a notable operational milestone for the ONGC-NTPC Green joint venture, which has been working to scale up capacity across resource-rich states since acquiring Ayana in March 2025.
The 50 MW wind project win significantly enhances Ayana's active development pipeline, which currently contains approximately 1.7 GW of solar, wind, and hybrid projects under development. As reported by multiple industry sources, this addition strengthens NTPC Green's capacity outlook and provides strong multi-decade revenue visibility. The project's contract with SECI minimises payment and off-taker risk, given SECI's high credit rating, while aligning directly with NTPC Green Energy's corporate target of achieving 60 GW of renewable capacity by 2032. The win demonstrates the operational and bidding strengths of ONGC NTPC Green Private Limited, translating corporate capital into tangible projects as the joint venture continues its rapid pipeline expansion strategy.
ONGC NTPC Green Pvt Ltd is a 50:50 joint venture between NTPC Green Energy Ltd and ONGC Green Ltd, with Ayana serving as its wholly owned subsidiary. The joint venture completed the acquisition of a 100% stake in Ayana Renewable Power on March 27, 2025, for a cash consideration of ₹6,248.5 crore. This ownership structure positions the wind project within the broader renewable energy portfolio of the joint venture, leveraging the combined expertise of both parent companies in the energy sector. The latest project adds to the renewable energy portfolio of the NTPC Green-ONGC joint venture, which is expanding its presence in India's clean energy sector as the country moves towards its clean energy and net-zero goals.
NTPC Green Energy Group has demonstrated strong financial performance with consolidated revenue from operations growing by 29% to ₹2,858 crore in FY26, while operating EBITDA rose by 29% to ₹2,475 crore. The group's total installed capacity has scaled significantly, rising from 5,902 MW as of March 31, 2025, to 10,671.4 MW as of June 12, 2026, representing an increase of approximately 80.81%. Recent commercial operations include the declaration of commercial operation of a 50 MW solar component of its Rajasthan RTC project on June 12, 2026, and the commissioning of the final 105 MW of its 1,200 MW Khavda-II Solar Project in Gujarat on May 27, 2026. Additionally, NTPC Renewable Energy awarded a ₹621 crore contract to KPI Green Energy for 500 MW solar projects at Bikaner on May 8, 2026.
