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India's Oil and Natural Gas Corporation (ONGC) has announced plans to increase its investment in new energy projects, including wind and solar power, by 100 times by the end of the decade. This ambitious initiative aims to reduce the company's carbon footprint and is part of a broader strategy to transition towards cleaner energy. ONGC's target is to invest ₹1 lakh crore (approximately $11.5 billion) in clean energy by 2030, a substantial increase from this year's investment of ₹950 crore (approximately $115 million). Additionally, ONGC has entered into a joint venture with NTPC to acquire Ayana Renewable Power for $2.3 billion, further solidifying its commitment to renewable energy. The joint venture will focus on developing battery energy storage systems and exploring opportunities within the renewable energy value chain. This move comes as Western oil companies scale back their investments in renewables, highlighting ONGC's determination to lead in the clean energy sector.