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Deal aligns with net-zero targets of ONGC and NTPC

Business Standard

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February 13, 2025

ONGC-NTPC Green Energy Ltd (ONGPL), a 50:50 joint venture between ONGC Green Limited (OGL) and NTPC Green Energy Limited (NGEL), completed the transaction.

Deal aligns with net-zero targets of ONGC and NTPC

The company acquired stakes from the National Investment and Infrastructure Fund (NIIF), British International Investment Plc (BII) and its subsidiaries, and Eversource Capital.

NGEL, the green energy arm of NTPC, was listed on the stock exchanges in September last year. This is ONGPL's first strategic investment since its inception in November 2024.

Ayana currently has 4 gigawatts (Gw) of operational and under-construction assets.

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