This translates to approximately $641 per metric tonne, which is a substantial drop from the previously discovered price of ₹100.28 per kg in the H2Global auction in 2024.
In a first under the National Green Hydrogen Mission, the Solar Energy Corp. of India (SECI) has completed the procurement of green ammonia at a significantly lower price of ₹55.75 ($0.64) per kg.
The record-low price discovery occurred under a supply-side aggregation model within the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme.
The bid was made by Acme Cleantech Solutions on July 29 to supply 75,000 metric tonnes (MT) per annum of green ammonia to Paradeep Phosphates, India’s second-largest private-sector manufacturer of phosphatic fertilisers.
The discovered price translates to approximately $641 per MT, a substantial drop from the previously recorded ₹100.28 per kg ($1,153 per MT) in the H2Global auction conducted by Germany’s Federal Ministry for Economic Affairs and Climate Action in 2024.
With grey ammonia prices reaching $515 per MT in March 2025, this ten-year fixed-price bid provides a strong economic rationale for buyers to initiate their clean energy transition journey.
With the public-sector NTPC Renewable Energy bidding ₹51.80/kg ($0.59/kg) for Krishana Phoschem on August 4, prices may dip further. The NTPC subsidiary is set to supply 70,000 MT per annum of green ammonia to Krishana Phoschem in Meghnagar, Madhya Pradesh. However, the supply agreement has not yet been officially finalised.
This is the first tranche in a series of 13 reverse auctions planned by SECI over the coming month, under a tender aggregating a cumulative procurement capacity of 7.24 lakh MT per year.
‘A Landmark Moment’
Taking to the microblogging site, X, Pralhad Venkatesh Joshi, Union Minister for New & Renewable Energy (MNRE), tweeted : “A landmark moment in India’s green energy journey! @SECI_ltd successfully conducts its first-ever Green Ammonia auction under the National Green Hydrogen Mission—marking a new era of clean energy innovation and self-reliance.”
SECI, acting as the intermediary procurer, successfully led the auction under the guidance of MNRE, and support from the Department of Fertilizers and participating buyers. The auction witnessed intense bidding, reflecting strong investor and developer confidence in India’s green energy transition framework.
With robust payment security mechanisms in place, the scheme unlocks confidence across the value chain and enables large-scale adoption of green ammonia and other derivatives, an MNRE statement said.
The National Green Hydrogen Mission was launched in January 2023 to make India a global hub for the production, usage, and export of green hydrogen and its derivatives, targeting 5 MMT of annual production by 2030. This price discovery, therefore, marks a watershed moment in the country’s green hydrogen journey, reinforcing its vision of becoming a global hub for green hydrogen production.
-Manish Pant