India's First Green Ammonia Auction Sets Record Low Price at ₹55.75

In a major stride under the National Green Hydrogen Mission, the Solar Energy Corporation of India (SECI) has successfully conducted its first-ever auction for procuring Green Ammonia under the SIGHT Scheme (Mode-2A). The auction achieved a record-low price discovery of ₹55.75/kg, marking a significant milestone in India’s clean energy journey.

Supply Agreement with Paradeep Phosphates Ltd.

The auction secures the supply of 75,000 metric tonnes per annum of Green Ammonia to Paradeep Phosphates Limited in Odisha. This auction is the first of 13 scheduled to roll out in the coming month, forming part of a broader tender aimed at aggregating a total procurement capacity of 7.24 lakh MT/year.

Price Benchmarking Against Global Trends

The newly discovered price, equivalent to USD 641/MT, represents a sharp decline from the ₹100.28/kg (USD 1,153/MT) price set during the H2Global auction in 2024. For comparison, Grey Ammonia prices stood at USD 515/MT as of March 2025. With a 10-year fixed-price contract, this auction provides compelling economic incentives for offtakers to shift toward cleaner alternatives.

Strategic Collaboration & Execution

SECI led the auction process as the intermediary procurer, operating under the strategic direction of the Ministry of New & Renewable Energy (MNRE). The effort was strongly backed by the Department of Fertilisers and collaborating offtakers, ensuring robust institutional support.

Milestone for India's Clean Energy Leadership

This landmark price discovery sets a new benchmark for the Green Ammonia market in India, reinforcing the nation’s ambition to emerge as a global leader in Green Hydrogen production. The competitive nature of the bidding process highlights the growing confidence among investors and developers in India’s green energy ecosystem.

With strong payment security mechanisms embedded in the scheme, the initiative instills confidence across the supply chain, paving the way for the widespread adoption of Green Ammonia and related derivatives. This development is expected to catalyse further momentum in India's clean energy transition.

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