Oriana Power lowest bidder in latest green ammonia tender for 60,000 tonnes

Oriana Power has emerged as the lowest bidder for supplying 60,000 tonnes of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme with a discovered price of Rs 52.25/kg for Madhya Bharat Agro Products Ltd at its Sagar facility.

The discovered price translates to around $596.23/tonne. The discovered price is lower than Acme Cleantech’s lowest bid of Rs 55.75/kg for another project a week back, but higher than NTPC Renewable Energy’s record low of Rs 51.85/kg.

With grey Ammonia prices reaching $515/tonne as of March 2025, this 10-year fixed-price bid provides strong economic rationale for off takers to initiate their clean energy transition journey.


The tender called for the production and supply of 724,000 tonnes of green ammonia annually across 13 fertilizer plants in this tranche which were listed in the tender.

Some of the procurers enlisted in the bidding document were Indian Farmers Fertiliser Cooperative (IFFCO) in Kandla, Madras Fertilisers’ Manali and Chennai units, Indorama India in Haldia, Mangalore Chemicals & Fertilisers’ Panambur unit and Coromandel International’s Visakhapatnam unit.

The reverse auction for price discovery is being done separately for each plant and in phases because of the complexity of bid evaluation, according to an industry official.

SECI anchored the demand aggregation and will sign long-term offtake agreements, providing producers with market certainty over a 10-year contract period.

The tender was issued in June 2024 and the last date was July 10 after many extensions over the year.

The government is offering financial incentives under the National Green Hydrogen Mission, with Production Linked Incentives (PLI) of Rs 8.82/kg, Rs 7.06/kg, and Rs 5.30/kg for the first three years respectively, amounting to a total support of Rs 1,533.4 crore.

India consumes approximately 17-19 million tonnes of ammonia annually, with more than 50% of its hydrogen requirement used in fertilizer production.

However, most of this is derived from imported natural gas.

Producing green hydrogen emits less than 2 kg of CO₂ per kilogram, compared to up to 12 kg CO₂ from conventional grey hydrogen, according to the Ministry of New and Renewable Energy.