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 […]
ONGC transforming into a low-carbon energy player in a big way: to scale up renewable portfolio to 10 GW by 2030 – EQ Mag
Energy Maharatna has crafted a robust roadmap to scale up its low-carbon energy portfolio significantly . In line with the Hon’ble PM’s vision on renewables, which was spelt out in his Independence Day speech on 15 August 2023, ONGC has aligned itself with India’s ambitious goals and is wholeheartedly contributing to the nation’s aim to […]
ONGC sells KG gas to Torrent, GAIL at $11 per mmBtu – EQ Mag
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) has sold initial gas it is producing from its KG basin fields in the Bay of Bengal to three firms, including Torrent Gas, sources said. In an e-auction, the firm sold 1.4 million standard cubic meters per day – a fraction of the planned output from […]
ONGC signs pact with IndianOil for petrochemicals – EQ Mag
India’s top oil and natural gas producer ONGC has signed a pact with the nation’s largest oil refining and fuel marketing company IOC for exploring opportunities in the petrochemicals business Oil and Natural Gas Corporation (ONGC) and IOC “signed a memorandum of understanding (MoU) to explore downstream opportunities, especially in petrochemicals, both greenfield projects and […]