In Short : ONGC is in talks to acquire a 125 MW operational solar asset from Sprng Energy, valued at ₹500 crore. This asset, located in Rajasthan, is part of Sprng’s effort to divest some of its renewable energy projects. The deal, advised by HSBC, aligns with ONGC’s strategy to expand its renewable energy portfolio […]
ONGC Prepares Auctions to Accelerate Green Energy Transition – EQ
In Short : India has mandated the use of domestically manufactured solar cells in clean energy projects starting June 2026. This move aims to bolster local manufacturing, reduce reliance on imports, and support the country’s renewable energy goals. It aligns with the government’s “Make in India” initiative, promoting self-reliance while driving innovation and sustainability in […]
Maharatna PSUs NTPC and ONGC Join Hands to form a JV Company – EQ
In Short : Maharatna PSUs NTPC and ONGC have joined forces to establish a joint venture (JV) company. This collaboration aims to enhance their efforts in the renewable energy sector, with a focus on clean energy initiatives and carbon reduction. The JV will leverage both companies’ strengths in energy production to drive sustainable growth and […]
“ONGC Enters Renewable Energy Market with Bold 1 GW Acquisition Strategy” – EQ
In Short : ONGC has made a significant move into the renewable energy sector with a bold strategy to acquire 1 GW of renewable energy assets. This marks a major shift in the company’s portfolio, aiming to diversify its energy sources and capitalize on the growing demand for clean energy. The acquisition is expected to […]
ONGC Issue Tender for Setting up of ISTS Connected Colocated Wind Solar Hybrid Power Projects with a Capacity 1 GW (500MW Solar plus 500MW Wind) On Lumpsum Turnkey (LSTK) Basis anywhere in India – EQ
ONGC Issue Tender for Setting up of ISTS Connected Colocated Wind Solar Hybrid Power Projects with a Capacity 1 GW (500MW Solar plus 500MW Wind) On Lumpsum Turnkey (LSTK) Basis anywhere in India For more information please see below link:
ONGC to invest Rs 2 lakh crore to achieve zero carbon emission goal, shares gain – EQ
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 […]