NTPC Green Energy subsidiary wins 193 MW wind project in MPPMCL tender
Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited, secured 193 MW capacity in a wind power tender conducted by Madhya Pradesh Power Management Company Limited (MPPMCL) at a tariff of ₹4.17/kWh. The e-reverse auction for 800 MW, including a greenshoe option, was concluded on June 30, 2026. ONGC NTPC Green Private Limited is a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited.

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Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited, has secured 193 MW capacity in a wind power tender conducted by Madhya Pradesh Power Management Company Limited (MPPMCL). The successful bid was finalized at a tariff of ₹4.17/kWh. This development follows an e-reverse auction aimed at purchasing 800 MW of wind power through a competitive bidding process, which included a greenshoe option for additional capacity.
The tender, titled "Purchase of 800 MW Wind Power Through Competitive Bidding Process Followed By e-Reverse Auction from Projects Setup Anywhere in India with 'Greenshoe Option' of Additional Capacity Upto 100% (800 MW)", saw Ayana emerge as a successful bidder. The auction was concluded on June 30, 2026. The secured capacity of 193 MW will contribute to the renewable energy portfolio of the joint venture between NTPC Green Energy and ONGC Green Limited.
ONGC NTPC Green Private Limited is a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited. Ayana Renewable Power Private Limited operates as a wholly owned subsidiary of this joint venture entity. The disclosure regarding this award was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details
| Parameter | Details |
|---|---|
| Project Capacity | 193 MW |
| Tariff | ₹4.17/kWh |
| Bidder | Ayana Renewable Power Private Limited |
| Tender Authority | Madhya Pradesh Power Management Company Limited |
| Auction Date | June 30, 2026 |
Historical Stock Returns for NTPC Green Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.48% | -1.91% | -7.13% | -1.36% | -13.34% | -23.82% |
How will the secured tariff of ₹4.17/kWh impact Ayana's profit margins compared to recent industry benchmarks?
What is the expected timeline for the commissioning of the 193 MW wind power project?
Will the joint venture exercise the greenshoe option to secure additional capacity from this tender?































