India's Green Ammonia Cost Stack: From SECI Auctions to European Markets
Ekansh Sharma · Founder, HyGOAT
Reviewed
Green Ammonia · SECI · RFNBO · India · Europe · Market Analysis · Cost Model
Domestic contract to export file
A three-part cost and readiness process: domestic auction terms, delivery, and RFNBO readiness.
Domestic auction terms
Delivery
RFNBO readiness
The article separates domestic auction terms, delivery, and RFNBO readiness.
ScopeArticle-derived research visual. It does not calculate delivered prices or certify projects.
June 2026 research release. SECI's public list records a domestic green-ammonia award book. Export eligibility requires a separate project file and route-specific evidence.
Why the March 2026 signing changes the story
On 30 March 2026, the Ministry of New and Renewable Energy recorded a CEO-level signing ceremony for 11 supply rows. The source is PIB PRID 2247064.
The PIB release lists 670,000 MT/year across those 11 supply rows. SECI's public project list records 13 rows totalling 724,000 MT/year. Its tariff range is INR 49.75 to 64.74 per kg. The sources record domestic award terms and a separate European delivery benchmark.
Hintco's H2Global auction brief reports EUR 811.30 per tonne FOB and EUR 1,000 per tonne delivered Europe. The delivered figure includes transport, logistics, and customs. This article does not convert currencies or forecast delivered India costs.
These are separate evidence scopes. SECI records domestic award terms. Hintco records a European delivery benchmark. A project-level export comparison requires evidence for production, transport, customs, and RFNBO eligibility.
The SECI cost stack
The 13 auctions cleared across a tariff range of INR 49.75 to 64.74 per kg.
View full-size imageSource: SECI's public project list. The capacity-weighted tariff is INR 53.27 per kg.
ACME Cleantech holds six allocations totalling 370,000 TPA, or 51 percent of the 724,000 TPA allocation.
View full-size imageSource: SECI's public project list. The chart shows a simple allocation total.
The buyer-side price gap
The illustrative cost decomposition shows how separate allowances can be examined segment by segment. Each allowance has its own uncertainty.
Illustrative delivered-cost stack
Seven hypothetical inputs sum to USD 1,057 per tonne. This is not an auction result or certified quote.
Methods and all inputs
- Hypothetical starting input for this scenario. Source: illustrative assumptions.
- Hypothetical India port allowance. Source: illustrative assumptions.
- Hypothetical freight allowance. Source: illustrative assumptions.
- Hypothetical EU port allowance. Source: illustrative assumptions.
- Hypothetical storage and distribution allowance. Source: illustrative assumptions.
- Hypothetical certification allowance. Source: illustrative assumptions.
- Hypothetical risk allowance. Source: illustrative assumptions.
This interactive demonstrates how hypothetical allowances add up to an illustrative USD 1,057 per tonne scenario. It is not the Hintco auction result or a certification quote.
The primary SECI award and Hintco contract evidence remain separate from this hypothetical chart. RFNBO readiness remains a separate evidence workstream.
The RFNBO and GHCI scope difference
The available material supports a scope comparison. It does not support a project-level pass or fail matrix.
- Carbon intensity. GHCI and RFNBO use separate framework thresholds and evidence rules.
- Temporal correlation. RFNBO requires time-linked electricity evidence. The project record must show the applicable route and time basis.
- Geographical correlation. RFNBO requires location-linked electricity evidence. The project record must show the applicable bidding-zone relationship.
These differences do not establish a project-level conclusion. The European Commission route-specific electricity conditions and the project's own evidence must be reviewed together.
What the sources establish
The SECI list establishes award rows, tariffs, and named counterparties. The PIB release establishes 11 supply rows totalling 670,000 MT/year. Hintco establishes separate FOB and delivered-Europe benchmark scopes. Domestic awards, delivered cost, and EU eligibility require separate evidence.
June 2026 research PDF
Request the full India green ammonia cost-stack briefing
The full PDF contains the underlying register, cost scopes, and source record. Use the report request form and we will send the PDF directly.
HyGOAT view: the narrow wedge
This section is a view, not data. It is separate from the database.
HyGOAT SCREEN provides two current readiness paths: RFNBO export readiness and GHCI gap analysis. Both are indicative preparation scopes. Formal certification, buyer diligence, and project financing require separate evidence and review.
Request the full June 2026 research briefing
The June 2026 HyGOAT Research publication provides the underlying register, cost scopes, and source record. Its report request path is available below.
The PDF is available through the report request form. It works best alongside a conversation about project evidence and RFNBO architecture.
See HyGOAT SCREEN
SCREEN provides indicative RFNBO export readiness and GHCI gap analysis before formal diligence.
Editorial review note, 10 September 2026: this article separates sourced award, delivery, and eligibility claims. It does not treat the illustrative cost model as an auction result.