KPI Green Energy, Avaada Energy, Solarcraft Power India 5 (BluPine Energy), NRC Industries, and Hinduja Renewables were declared winners in Gujarat Urja Vikas Nigam’s (GUVNL) auction to supply power from 500 MW grid-connected solar power projects with a 500 MW greenshoe option (Phase XXIV). KPI Green won 120 MW at a tariff of ₹2.67 (~$0.0320)/kWh. Avaada quoted ₹2.68 (~$0.0321)/kWh to win 200 MW. BluPine won 40 MW at a tariff of ₹2.69 (~$0.0322)/kWh. NRC Industries quoted ₹2.72 (~$0.0326)/kWh to win 10 MW. Hinduja Renewables won 130 MW out of the quoted capacity of 300 MW at 2.72 (~$0.0326)/ KWh under the bucket-filling method.