JV of green arms of India's NTPC-ONGC is highest bidder for Ayana Renewable at $650 mln, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
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Should l Buy ?
Source: Reuters
Joint Venture Bid: A joint venture between NTPC Green Energy and ONGC Green Energy has emerged as the highest bidder for Ayana Renewable Power, offering approximately $650 million.
Competitive Landscape: This bid surpasses that of JSW Energy, indicating a competitive environment in the renewable energy sector backed by significant investment from the National Investment and Infrastructure Fund.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
