More record-low price discoveries from SECI auctions
By on August 17, 2025
Click to learn more about the latest SECI renewable ammonia auction result. Jakson Green won the latest round with a bid of $580 per ton, the lowest result yet.
Following the first auction results announced by the Solar Energy Corporation of India, we now have six of the thirteen subsidy winners announced. ACME, NTPC, Oriana Power, SCC Infrastructure, Onix Renewables, and now Jakson Green will receive subsidies for the production and delivery of annual parcels of renewable ammonia to fertilizer manufacturers in India, with fixed subsidies to be paid over the first three years of each ten-year contract. The SECI’s aim with the thirteen auction rounds is to match renewable ammonia production sites to existing fertilizer manufacturing plants in India as closely as possible.
Jakson Green: $580 per ton for renewable ammonia
Following the then-record $591 per ton price submitted by NTPC Renewable Energy in early August, Jakson Green has now committed to supply 85,000 tons per year of renewable ammonia to Coromandel International Limited (CIL), in Kakinada, Andhra Pradesh over a ten-year fixed contract. The fixed delivery price of ₹50.75/kg translates to approximately $580 per ton.
Jakson Green has two announced renewable ammonia projects in progress:
- a 133,000 tons per year production facility in Kandla Port, Gujarat. The partnership with the Deendayal Port Authority will help secure approvals etc., but it is uncertain whether the target market segment is marine fuels, exports, or domestic supply. Kandla Port is approximately 800km by road from Kakinada.
- a 365,000 tons per year plant in Kota, Rajasthan, beginning with a 15,000 tons per year production phase this year. An investment MoU with the state government of Rajasthan underpins the project, which will be about 1,500km by road from Kakinada.
The new record-low price discovery joins three more price discovery data points:
- Oriana Power ($601 per ton, 60,000 tons per year to Madhya Bharat Agro Products)
- SCC Infrastructure ($610 per ton, 70,000 tons per year (also) to Madhya Bharat Agro Products Limited)
- Onix Renewables ($604 per ton, 50,000 tons per year to Gujarat Narmada Valley Fertilizers & Chemicals)
But – at present – none of these three developers have publicly announced ammonia production projects.