Overview

• NTPC Renewable Energy secured the contract in SECI’s August 4 e-reverse auction to supply 70,000 metric tonnes per year of green ammonia to Krishana Phoschem in Meghnagar, Madhya Pradesh
• The deal is part of SECI’s wider plan to procure 724,000 MT annually of green ammonia across 13 locations nationwide
• IRCON Renewable Power, a joint venture of Ayana Renewable Power and ONGC NTPC Green, commissioned an additional 75 MW of solar capacity in Rajasthan, raising the plant’s operational output to 300 MW as of August 6
• These milestones reinforce NTPC Green Energy’s strategy to expand its clean-energy portfolio, which targets 40 GW of new capacity by FY 2032 including solar, green ammonia and storage projects
• Shares of NTPC Green Energy have fallen 6.24% over the past six months, reflecting investor caution over its diversification push