Joint Venture23 Jan 2024, 07:21 pm
ONGC to Form Wholly Owned Subsidiary for Green Energy and Gas Business Approves Joint Venture with NTPC Green Energy
AI Summary
ONGC has received approval from the Ministry of Petroleum & Natural Gas for the formation of a wholly-owned subsidiary company, ONGC Green Limited, for the business of green energy and gas. The company has also approved the formation of a joint venture with NTPC Green Energy Limited for offshore wind energy and other renewable energy sources.,
Key Highlights
- Formation of wholly-owned subsidiary for green energy and gas business
- Joint venture with NTPC Green Energy Limited for offshore wind energy and renewable energy
- Approval from Ministry of Petroleum & Natural Gas
- Pursuit of renewable energy and green energy initiatives