ONGC-NTPC Joint Venture Acquires Ayana Renewable for ₹195 Billion

The acquisition increases ONGPL’s renewable energy capacity to approximately 4.1 GW

February 12, 2025

/ Arjun Joshi
/ Finance and M&A, Renewable Energy
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ONGC NTPC Green (ONGPL), a joint venture between ONGC Green and NTPC Green Energy, has signed a share purchase agreement to acquire a 100% equity stake in utility-scale renewable energy platform Ayana Renewable Power for ₹195 billion (~$2.3 billion).

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Arjun Joshi

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acquisitionsAyanaNTPC GreenONGC
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