NTPC Green Energy Limited has informed the Exchange regarding a press release dated November 21, 2025, titled "Ayana Renewable Power Private Limited (Ayana) a wholly owned subsidiary of ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy Limited and ONGC Green Limited) wins 140 MW Round The Clock RE Project in REMC Limited Tender".
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Awaiting price reaction for this filing.
Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited (a 50:50 joint venture between NTPC Green Energy and ONGC Green), has won a 140 MW Round-The-Clock (RTC) renewable energy project in a tender floated by REMC Limited. The award was announced via a press release dated November 21, 2025. Because Ayana sits one level below the JV, NTPC Green Energy's effective economic interest in the project is partial. The win adds to the company's growing renewable energy order pipeline but involves complex layering of ownership. Specific financial terms, project cost, or revenue impact were not disclosed in the filing.
Positively expands the renewable energy portfolio through its JV route, though the diluted indirect stake means the financial benefit to NTPC Green Energy will be limited. Investors may view this as incremental progress on order book without a major catalyst for the stock.