SECI holds first auction for green ammonia procurement under SIGHT scheme

The auction logged a record-low price of INR 55.75 per kilogram.

The Solar Energy Corporation of India Limited (SECI) has conducted the first auction for the procurement of green ammonia under the SIGHT Scheme.

According to the Ministry of New and Renewable Energy, this auction achieved a record low price discovery of INR 55.75 per kilogram (kg).

This auction covers 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 per year.

“The discovered price translates to approximately $641 per MT, a substantial drop from the previously discovered price of INR 100.28 per kg (USD 1,153 per MT) in the H2Global auction in 2024,” the ministry said.

“With Grey Ammonia prices reaching USD 515 per MT (as of March 2025), this 10-year fixed-price bid provides a strong economic rationale for offtakers to initiate their clean energy transition journey,” it added.