ONGC, NTPC eye joint bid for Ayana Renewables

17 May 2024 CW Team

The move comes at a time when India is increasingly prioritising renewable energy as a key component of its energy transition strategy. With ambitious targets to achieve 175 gigawatts (GW) of renewable energy capacity by 2022 and 450 GW by 2030, the country is actively seeking investments and partnerships to accelerate the adoption of clean energy technologies. ONGC and NTPC's interest in Ayana Renewables underscores their commitment to aligning with these national objectives and capitalising on the immense growth opportunities in the renewable energy sector.

Ayana Renewables, with its established presence and track record in the renewable energy market, presents an attractive investment opportunity for ONGC and NTPC. The company operates a diverse portfolio of renewable energy assets, including solar and wind projects, with a focus on delivering reliable and sustainable energy solutions. By acquiring a stake in Ayana, ONGC and NTPC can not only expand their renewable energy footprint but also gain access to valuable resources and capabilities that will enhance their competitiveness in the sector.

Moreover, a joint bid by ONGC and NTPC for Ayana Renewables signifies the growing trend of collaboration and consolidation in India's renewable energy space. As companies seek to scale up their operations and achieve economies of scale, strategic partnerships and mergers and acquisitions are becoming increasingly prevalent. This trend is expected to further accelerate the growth of the renewable energy market in India and drive innovation and efficiency across the value chain.

In summary, ONGC and NTPC's potential joint bid for Ayana Renewables represents a significant development in India's renewable energy landscape. It reflects not only the strategic vision of these companies but also the broader shift towards sustainable and clean energy solutions in the country. As India continues its journey towards a greener future, partnerships like this will play a crucial role in driving the transition and unlocking the full potential of renewable energy.

India's state-owned giants ONGC and NTPC are considering a collaborative bid for Ayana Renewables, a leading player in the renewable energy sector, currently owned by the National Investment and Infrastructure Fund (NIIF). This potential joint venture reflects the strategic intent of both companies to bolster their presence in the rapidly growing renewable energy market in India. With a focus on clean and sustainable energy solutions, ONGC and NTPC aim to leverage Ayana's expertise and assets to diversify their energy portfolios and contribute to India's renewable energy targets. The move comes at a time when India is increasingly prioritising renewable energy as a key component of its energy transition strategy. With ambitious targets to achieve 175 gigawatts (GW) of renewable energy capacity by 2022 and 450 GW by 2030, the country is actively seeking investments and partnerships to accelerate the adoption of clean energy technologies. ONGC and NTPC's interest in Ayana Renewables underscores their commitment to aligning with these national objectives and capitalising on the immense growth opportunities in the renewable energy sector. Ayana Renewables, with its established presence and track record in the renewable energy market, presents an attractive investment opportunity for ONGC and NTPC. The company operates a diverse portfolio of renewable energy assets, including solar and wind projects, with a focus on delivering reliable and sustainable energy solutions. By acquiring a stake in Ayana, ONGC and NTPC can not only expand their renewable energy footprint but also gain access to valuable resources and capabilities that will enhance their competitiveness in the sector. Moreover, a joint bid by ONGC and NTPC for Ayana Renewables signifies the growing trend of collaboration and consolidation in India's renewable energy space. As companies seek to scale up their operations and achieve economies of scale, strategic partnerships and mergers and acquisitions are becoming increasingly prevalent. This trend is expected to further accelerate the growth of the renewable energy market in India and drive innovation and efficiency across the value chain. In summary, ONGC and NTPC's potential joint bid for Ayana Renewables represents a significant development in India's renewable energy landscape. It reflects not only the strategic vision of these companies but also the broader shift towards sustainable and clean energy solutions in the country. As India continues its journey towards a greener future, partnerships like this will play a crucial role in driving the transition and unlocking the full potential of renewable energy.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..