ONGC Charts Dual Path: Doubling Hydrocarbon Reserves by 2032 While Targeting 10 GW Renewables for Net Zero Transition – EQ
In Short : ONGC has outlined an ambitious roadmap to double its oil and gas reserves by 2032 while expanding its renewable energy capacity to 10 GW by 2030. The strategy aligns with its net zero commitment, focusing on clean energy projects, carbon reduction, and sustainable growth. ONGC aims to balance fossil fuel security with renewable diversification.
In Detail : Oil and Natural Gas Corporation (ONGC) has unveiled an ambitious roadmap that sets clear targets for both conventional and renewable energy. The company aims to double its oil and gas reserves by 2032, ensuring India’s energy security while also diversifying into clean energy. This dual approach reflects ONGC’s strategy to balance national needs with global climate goals.
A key highlight of the roadmap is ONGC’s commitment to achieving 10 GW of renewable energy capacity by 2030. This expansion will primarily focus on solar, wind, and hybrid projects. By strengthening its renewable portfolio, ONGC is positioning itself as a critical player in India’s transition to sustainable energy systems.
The company is also working on strategies to reduce its carbon footprint through innovative technologies and efficient practices. Carbon capture and storage, green hydrogen production, and partnerships for sustainable projects are integral to its future operations. These steps underline ONGC’s focus on aligning with global climate targets.
According to company officials, ONGC will continue to invest in exploration and production to secure fossil fuel reserves. At the same time, it is actively diversifying its portfolio to include renewable energy and cleaner alternatives. This balance between traditional hydrocarbons and green energy is seen as vital to India’s energy mix.
The roadmap also emphasizes ONGC’s vision to lead in technology-driven innovation. The adoption of advanced digital tools and artificial intelligence in operations is expected to enhance efficiency and reduce emissions. Such measures will help the company maintain competitiveness in an evolving energy sector.
Renewable energy projects under ONGC’s plan will not only contribute to reducing emissions but also create new opportunities for employment and regional development. By tapping into India’s vast renewable potential, the company seeks to support inclusive growth while building long-term sustainability.
The net zero commitment remains at the core of ONGC’s strategy. Efforts are underway to integrate sustainable practices into every segment of its operations. This includes reducing methane emissions, optimizing energy usage, and promoting clean fuels to drive low-carbon growth.
Industry experts note that ONGC’s targets reflect both ambition and necessity. With the world rapidly moving towards cleaner energy solutions, national oil companies like ONGC must evolve to remain relevant. Its roadmap shows readiness to take bold steps in line with India’s climate and energy commitments.
By focusing on doubling reserves, expanding renewables, and advancing toward net zero, ONGC is shaping itself as a future-ready energy leader. The company’s strategy combines energy security with sustainability, ensuring it continues to play a central role in powering India’s economy while contributing to the global clean energy transition.
