06-08-2025
First green ammonia auction under SIGHT scheme discovers record low price of ₹55.75/kg: MNRE
New Delhi: The
Ministry of New & Renewable Energy
(MNRE) on Wednesday said the first-ever auction conducted by the Solar Energy Corporation of India (SECI) for procurement of
Green Ammonia
under the National Green Hydrogen Mission's
SIGHT Scheme
(Mode-2A) has discovered a record low price of ₹55.75 per kg for a 10-year
fixed-price contract
.
In a statement, MNRE said the auction was for the supply of 75,000 metric tonnes per annum of Green Ammonia to
Paradeep Phosphates Limited
, Odisha. It is the first in a planned series of 13 auctions over the coming month under a tender aggregating a cumulative procurement capacity of 7.24 lakh MT annually.
The discovered price translates to about USD 641 per MT, lower than the previously discovered price of ₹100.28/kg (USD 1,153/MT) in the H2Global auction in 2024. With Grey Ammonia prices at USD 515/MT as of March 2025, MNRE said the fixed price under the current bid offers a cost rationale for offtakers to begin their clean energy transition.
The ministry said SECI acted as the intermediary procurer for the supply arrangement, anchoring the auction under the guidance of MNRE with support from the Department of Fertilizers and the participating offtakers.
According to the statement, the auction saw competitive bidding, indicating strong investor and developer participation in India's green energy transition framework. MNRE said the scheme's payment security mechanisms are designed to create confidence across the value chain and support the large-scale adoption of Green Ammonia and other derivatives.
