Apraava Energy, Avaada Energy, ReNew Solar Power (ReNew), and JSW Neo Energy have won NTPC’s auction to set up 1,500 MW of interstate transmission system-connected solar power projects (Tranche III) across India. Apraava quoted the lowest tariff of ₹2.68 (~$0.0322)/kWh to win 50 MW. Avaada and ReNew won 750 MW and 300 MW, respectively, at a tariff of ₹2.69 (~$0.0323)/kWh. JSW was awarded 400 MW out of the 700 MW quoted capacity at a tariff of ₹2.69 (~$0.0323)/kWh. NTPC floated the tender in February 2024.