Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps

By Aman Malik

  • 20 Sep 2024
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Ayana Renewable CEO Shivanand Nimbargi at a project site | Credit: Ayana

The financial year 2023-24 was not a particularly fruitful one for green energy company Ayana Renewable Power Pvt Ltd as it recorded a decline in its net profit and a slowdown in revenue growth.   Ayana, which is 51% owned by the Indian government-backed National Investment and Infrastructure Fund (NIIF) and counts ......

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