# ONGC and NTPC acquire 100% stake in Ayana Renewable for $2.3 billion

Oil and Natural Gas Corporation (ONGC) together with National Thermal Power Corporation (NTPC) has acquired a 100% stake in Ayana Renewable, a solar and wind plant operator, for $2.3 billion.

- Type: Acquisition
- Announced: 2025-02-12
- Where: India
- Value: $2.30B
- Status: announced
- Products: solar power, wind power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [National Thermal Power Corp](https://endata.com/companies/4707.md) (acquirer)
- [Oil & Natural Gas Corporation](https://endata.com/companies/8848.md) (acquirer)
- [Ayana Renewable](https://endata.com/companies/82914.md) (target)

## Sources

- [m.aa.com.tr](https://m.aa.com.tr/en/asia-pacific/indian-power-companies-ink-major-green-energy-deal/3480229), 2025-02-12: "Oil and Natural Gas Cooperation Limited (ONGC) said, together with National Thermal Power Corporation, it acquired a 100% stake in Ayana Renewable, a company that operates solar and wind plants."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.