📝 Detailed Report:
ONGC NTPC Green Private Limited (ONGPL) has successfully acquired 100% equity stake in Ayana Renewable Power Private Limited, making it a wholly owned subsidiary of ONGPL. This significant transaction marks a major step in ONGPL’s growth within the renewable energy sector. The acquisition, valued at ₹6,248.50 Crore, was completed on March 27, 2025, through a cash transaction. NGEL, as part of the joint venture, contributed ₹3,124.25 Crore towards the deal. The move aligns with the company’s strategic vision of expanding its renewable energy footprint and achieving 60 GW of capacity by 2032.
Ayana Renewable Power is a leading platform in the renewable energy sector, boasting a total capacity of approximately 4,112 MW. Out of this, 2,123 MW is already operational, while 1,989 MW is currently under construction. This acquisition significantly strengthens ONGPL’s position in solar, wind, and hybrid energy production, helping India move closer to its clean energy goals. With strong backing from high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways, Ayana provides ONGPL with a solid portfolio of renewable assets.
📈 Impact on Share Market:
The acquisition of Ayana Renewable Power by ONGPL is expected to generate positive sentiment in the stock market. Investors are likely to perceive ONGPL as a more robust and competitive player in the renewable energy space, potentially leading to share price appreciation. Institutional investors may find ONGPL an attractive investment opportunity due to Ayana’s well-backed asset portfolio and its contribution towards a sustainable energy future. Additionally, regulatory approvals for the acquisition were secured on March 11, 2025, ensuring a smooth transition. However, short-term fluctuations in ONGPL’s share price could arise as investors react to the scale of this acquisition and its financial implications.
🏢 About Ayana Renewable Power:
Ayana Renewable Power Private Limited was incorporated on March 1, 2017, under the Companies Act, 2013. Originally promoted by British International Investment (BII), Ayana is backed by prominent institutional investors, including the National Investment and Infrastructure Fund (NIIF) holding 51%, BII with 32%, and the Green Growth Equity Fund (GGEF) with 17% ownership. The company has demonstrated strong financial growth, with its turnover reaching ₹856.4 Crore in FY 2024, ₹822.8 Crore in FY 2023, and ₹489.2 Crore in FY 2022. With its presence across resource-rich states in India, Ayana is well-positioned to support the country’s renewable energy expansion.
📌 Acquisition Overview:
- ONGC NTPC Green Private Limited (ONGPL) has successfully acquired 100% equity stake in Ayana Renewable Power Private Limited.
- This makes Ayana a wholly owned subsidiary of ONGPL, a 50:50 joint venture between NTPC Green Energy Limited (NGEL) and ONGC Green Limited.
- The total acquisition cost is ₹6,248.50 Crore, with NGEL’s share being ₹3,124.25 Crore.
- Transaction Date: March 27, 2025.
- Consideration Type: Cash Transaction.
🌿 Impact on Renewable Energy Sector:
- Ayana adds 4,112 MW renewable energy capacity (2,123 MW operational & 1,989 MW under construction).
- The acquisition aligns with NGEL’s target to achieve 60 GW renewable capacity by 2032.
- Strengthens ONGPL’s position in solar, wind, and hybrid energy production.
📈 Stock Market Impact:
- Positive Sentiment: Investors may see ONGPL as a stronger renewable energy player, leading to potential share price appreciation.
- Increased Institutional Interest: High-credit-rated off-takers like SECI, NTPC, GUVNL, and Indian Railways back Ayana, making ONGPL a more attractive investment.
- Regulatory Approval Obtained: Competition Commission of India approved the deal on March 11, 2025.
- Market Volatility: Short-term fluctuations possible due to investor reactions to large-scale acquisitions.
🏢 About Ayana Renewable Power
- Incorporated: March 1, 2017.
- Original Promoter: British International Investment (BII).
- Major Investors: NIIF (51%), BII (32%), GGEF (17%).
- Turnover:
- FY 2024: ₹856.4 Crore
- FY 2023: ₹822.8 Crore
- FY 2022: ₹489.2 Crore
- Sector: Renewable Energy (Solar, Wind, Hybrid).
- Country of Operation: India.
🌟 “A Greener Tomorrow Starts Today! 🌍🚀 Stay tuned for more updates on the energy transition!” 🌟
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
