Acme bags third win in India green ammonia auction

Spanish Market: Fertilizers, Hydrogen
20/08/25

Indian project developer Acme has won a third renewable ammonia auction, securing a 10-year fixed-price contract to deliver 100,000 t/yr to fertiliser producer Iffco's plant in Kandla, Gujarat.

Acme won the 20 August auction with a bid of Rs54.73/kg ($628.71/t), the second-highest winning bid so far, only behind Acme's Rs55.75/kg in the first round on 29 July. Today's starting price of Rs75.51/kg was also the second-highest of the eight rounds so far, just below the Rs75.95/kg opening in the third round.

The volume covered by the auction was the largest of any tender so far and Acme has now secured offtake of 225,000 t/yr through its three auction wins. This is nearly half of the 516,100 t/yr with which the firm had entered the tender.

Industry participants said they expect Acme to compete again in the next auction on 22 August for Iffco's Paradeep plant, which will also be for 100,000 t/yr of supply. Acme previously secured a contract to supply 75,000 t/yr to Paradeep Phosphates in Odisha and a win in the 22 August round could allow it to supply two plants that are close to each other, thereby strengthening project economics, industry participants said. Acme is planning a 1.2mn t/yr renewable ammonia facility at Gopalpur port in Odisha.

State-owned Solar Energy Corporation of India, which organises the tenders, has now allocated 560,000 t/yr of renewable ammonia supply, out of the 724,000 t/yr offered under the scheme.

By Akansha Victor

Offtakers and reverse auction schedule
Fertiliser producer	Location	Offtake capacity (t/yr)	Reverse auction date	Winner	Winning bid (Rs/kg)	Winning bid in $/t	Bid starting price (Rs/kg)

Paradeep Phosphates	Paradeep, Odisha	75,000	29-Jul (completed)	Acme	55.75	640.38	62.50
Krishna Phoschem	Meghnagar, Madhya Pradesh	70,000	4-Aug (completed)	NTPC	51.80	595.00	74.30
Madhya Bharat Agro Products Limited	Sagar, Madhya Pradesh	60,000	6-Aug (completed)	Oriana Power	52.25	600.18	75.95
Madhya Bharat Agro Products Limited	Dhule, Maharastra	70,000	8-Aug (completed)	SCC Infrastructure	53.05	609.40	74.80
Gujarat Narmada Valley Fertilizers & Chemicals	Bharuch, Gujarat	50,000	12-Aug (completed)	Onix Renewable	52.50	603.08	80.50
Coromandel International	Kakinada, Andhra Pradesh	85,000	14-Aug (completed)	Jakson Green	50.75	583.00	64.63
Coromandel International	Vishakhapatnam, Andhra Pradesh	50,000	18-Aug (completed)	Acme	52	596.09	63.89
Indian Farmers Fertilizer Cooperative Limited	Kandla, Gujarat	100,000	20-Aug (completed)	Acme	54.73	628.71	75.51
Indian Farmers Fertilizer Cooperative Limited	Paradeep, Odisha	100,000	22-Aug
Paradeep Phosphates	Zuarinagar, Goa	25,000	25-Aug
Indorama India	Haldia, West Bengal	20,000	26-Aug
Mangalore Chemicals & Fertilizers	Panambur, Mangalore, Karnataka	15,000	28-Aug
Madras Fertilizers	Manali, Chennai	4,000	29-Aug
currency conversion as per rate on 20 August 2025
SECI, industry sources

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