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Energy industries

SECI Conducts Successful e-Reverse Auction for Green Ammonia Project

Strategic Insights

— 1 min read

The Solar Energy Corporation of India Ltd. (SECI) conducted a successful e-Reverse Auction on August 12, 2025, for Project-IV of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) in Bharuch. The auction aimed to facilitate the production and supply of green ammonia in India under the SIGHT Scheme, Mode-2A-Tranche-I. The project involves the production of a fixed quantity of 50,000 metric tonnes of green ammonia, with Onix Renewable Limited emerging as the top bidder with a final price of 52.50 per kg. This outcome reflects the competitive nature of the auction and the growing capability of renewable energy companies to offer cost-effective solutions in the green ammonia segment. The initiative is part of the government's larger strategy to promote green energy and cut carbon emissions, encouraging industries to shift towards environmentally friendly production methods.

Key Takeaways:

  • The e-Reverse Auction was conducted on August 12, 2025, for the production of 50,000 metric tonnes of green ammonia under the SIGHT Scheme.
  • The bidding process started with a price of 80.50 per kg, which served as both the reserve price and the starting price.
  • Onix Renewable Limited emerged as the top bidder with a final price of 52.50 per kg, indicating a significant reduction from the starting price.
  • The e-Reverse Auction was conducted under RfS No. SECI/C&P/MI/00/0002/2024-25, issued on June 7, 2024.
  • The project highlights the technological progress and cost competitiveness in the renewable sector, marking another milestone in India's green energy journey.
  • Green ammonia, produced using renewable energy sources, plays a crucial role in reducing the carbon footprint of industries such as fertilizers, shipping, and chemicals.

Statistics:

  • A fixed quantity of 50,000 metric tonnes of green ammonia was awarded through the e-Reverse Auction.
  • The starting price of the bidding process was 80.50 per kg, which served as the reserve price.
  • The final price achieved by Onix Renewable Limited was 52.50 per kg.
  • The project aims to promote the production and supply of green ammonia in India under the SIGHT Scheme, Mode-2A-Tranche-I.

Sources:

  • Solar Energy Corporation of India Ltd. (SECI)
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
  • "SECI Conducts Successful e-Reverse Auction for Green Ammonia Project" - Global Data Point, August 12, 2025.

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