NTPC Green Energy Limited has informed the Exchange that NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has emerged as the successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on August 4, 2025 for the full capacity of 70,000 metric tonnes per annum (MT/Year) of Green Ammonia.
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has won an e-reverse auction conducted by Solar Energy Corporation of India (SECI) on August 4, 2025. NTPC REL secured the full tendered capacity of 70,000 metric tonnes per annum of Green Ammonia at a price of Rs. 51.80 per kg. The supply is earmarked for Krishana Phoschem Limited's facility in Meghnagar, Madhya Pradesh. This win is part of SECI's larger tender for 7.24 lakh MT/Year of Green Ammonia spread across 13 locations in India. At the quoted price, this translates to roughly Rs. 360+ crore in annual revenue potential for NTPC REL.
Positive for NTPC Green Energy — this is a sizable green ammonia offtake win that strengthens the company's order book and supports its pivot into clean energy fuels. Shareholders may view this as a step toward long-term revenue visibility from the green hydrogen/ammonia segment.