ONGPL to acquire Ayana Renewable Power for $2.3bn.

ONGPL, a joint venture between ONGC and NTPC dedicated to developing renewable energy projects, agreed to acquire Ayana Renewable Power, a utility-scale renewable energy platform, for $2.3bn. "The acquisition of Ayana is a strategic milestone in ONGC Green Ltd and NTPC Green Energy Ltd’s pursuit of a Clean Energy Revolution. As two of India’s largest Maharatna PSUs, we recognize our responsibility in driving the nation’s green energy ambitions. This acquisition propels us forward in accelerating India's transition to a low-carbon economy, leveraging our technical expertise, industry relationships, and financial strength," Sanjay Kumar Mazumder, ONGC Green Limited CEO.