In Short : ONGC plans to invest Rs 2 lakh crore to achieve zero carbon emissions, boosting its share prices. In Detail : ONGC shares gained after the firm announced it will invest around Rs 2 lakh crore to establish renewable energy sites and green hydrogen plants in an attempt to achieve its net-zero carbon […]
ONGC leads India’s renewable push with Rs 2 trillion roadmap – EQ
In Short : ONGC spearheads India’s renewable energy efforts with a ₹2 trillion roadmap. This ambitious plan aims to significantly boost renewable energy capacity, supporting the nation’s transition to sustainable and cleaner energy sources. In Detail : ONGC has made a major announcement as part of its net-zero emissions roadmap, with the state-owned company planning […]
ONGC enters the fray to acquire Ayana Renewable Power – EQ
In Short – ONGC has entered the bidding to acquire Ayana Renewable Power, a major player in the renewable energy sector. This move aligns with ONGC’s strategy to diversify its portfolio and enhance its presence in the green energy market. Acquiring Ayana would bolster ONGC’s renewable energy capacity, supporting its long-term sustainability and energy transition […]
ONGC in Joint Venture Agreement with NTPC Green for Renewable Energy – EQ
ONGC and NTPC Green Energy Limited (NGEL) signed a Joint Venture Agreement (JVA) to develop renewable energy projects focusing on offshore wind. This was signed on 7 February 2024 during India Energy Week held at Goa. The JVA was signed in the presence of Hon’ble Minister of Petroleum and Natural Gas and Minister of Housing […]
ONGC plans to invest up to Rs 35000 cr for 5 GW solar, wind energy capacity by 2030 – EQ
In Short : ONGC (Oil and Natural Gas Corporation) is planning a substantial investment of up to Rs 35,000 crore to develop 5 gigawatts (GW) of solar and wind energy capacity by the year 2030. This initiative signifies ONGC’s commitment to expanding its presence in the renewable energy sector and contributing to India’s clean energy […]
ONGC wins bid to buy PTC’s wind power unit for Rs 925 crore – EQ
In Short : Oil and Natural Gas Corporation (ONGC) has successfully secured the bid to acquire PTC India’s wind power unit for a total of Rs 925 crore. This strategic move allows ONGC to strengthen its foothold in the renewable energy sector, aligning with the global shift towards sustainable energy sources. The acquisition also signifies […]
ONGC (Oil and Natural Gas Corporation) has signed a Memorandum of Understanding (MoU) with NTPC Green Energy Limited to collaborate on the development of renewable energy projects – EQ
In Short : ONGC (Oil and Natural Gas Corporation) has signed a Memorandum of Understanding (MoU) with NTPC Green Energy Limited to collaborate on the development of renewable energy projects. This partnership highlights ONGC’s commitment to diversifying its energy portfolio and promoting sustainability. By working together, the two entities aim to contribute to India’s renewable […]
ONGC commits Rs 2 Lakh crore for carbon neutrality – EQ
The company is poised to expand its presence in renewable energy and green hydrogen initiatives, marking a significant shift in its long-term strategy. State-owned Oil and Natural Gas Corporation (ONGC) has unveiled an ambitious plan to invest Rs 1 lakh crore by the end of the decade to propel its transition towards a low-carbon energy […]
ONGC to invest Rs 2 lakh cr in energy transition projects – EQ
ONGC will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its Chairman Arun Kumar Singh said on Tuesday New Delhi : Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore to achieve its net-zero targets by 2038, Chairman Arun Kumar Singh said on Tuesday. He said […]
ONGC investing Rs 1 lakh crore to transform into low-carbon energy player – EQ Mag
ONGC is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen New Delhi : Maharatna oil PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen […]