ONGC, NTPC eye joint bid for Ayana Renewables
POWER & RENEWABLE ENERGY

ONGC, NTPC eye joint bid for Ayana Renewables

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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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.

Next Story
Infrastructure Urban

Telangana Unveils Bold Vision for Economic and Sustainable Growth

Telangana is charting an ambitious course toward becoming a leader in India's economic landscape with transformative initiatives in infrastructure, sustainability, and connectivity. Speaking at the CII National Council meeting in Hyderabad, the state leadership announced its vision to position Hyderabad as a global service sector hub and a “Future City,” rivalling the likes of New York, London, and Tokyo. Plans include making the city net-zero, pollution-free, and equipped with 3,200 electric buses for public transport. Telangana also leads India in electric vehicle (EV) adoption, having w..

Next Story
Real Estate

India’s Commercial Real Estate Booms Amid Surging Office Space Demand

India's commercial real estate sector witnessed unprecedented growth in 2024, fuelled by soaring demand for office spaces from global companies, according to reports from top property consultancies. Net office absorption reached approximately 50 million square feet last year, marking the highest level in five years, as per data from Cushman & Wakefield and JLL Research. Overall office leasing activity hit a record 79 million square feet across India's top nine cities, with Bengaluru leading the charge, accounting for 28% of total absorption. Rahul Arora of JLL noted that India's office market ..

Next Story
Infrastructure Transport

Mumbai Metro Lines 7 and 2A Achieve Full Operational Authorisation

Mumbai's metro network reached a significant milestone as the Chief Commissioner of Rail Safety (CCRS), New Delhi, granted safety certification for the regular operation of Metro Line 7 (Red Line) and Metro Line 2A (Yellow Line). This approval ensures compliance with all conditions from the provisional authorisation, enabling unrestricted operations at a full capacity speed of 80 kmph, up from temporary limits of 50-60 kmph. Operated by the Mumbai Metropolitan Region Development Authority (MMRDA), Metro Line 2A spans 18.6 km from Dahisar to DN Nagar with 17 stations, while Metro Line 7 covers ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000