ONGC Expands Renewable Energy Portfolio with Strategic Investments

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ONGC Expands Renewable Energy Portfolio with Strategic Investments

An announcement from Oil & Natural Gas Corp. Ltd. ( (IN:ONGC) ) is now available.

ONGC has invested ₹3,300 Crore in its subsidiary ONGC Green Limited, which further invested in ONGC NTPC Green Private Limited, a joint venture with NTPC Green Energy Limited. Additionally, ONGC NTPC Green Private Limited has acquired Ayana Renewable Power Private Limited, enhancing its renewable energy portfolio with 4.1 GW of assets.

More about Oil & Natural Gas Corp. Ltd.

Oil & Natural Gas Corporation Limited (ONGC) operates in the energy sector, focusing on the exploration and production of oil and natural gas. The company is expanding its footprint in renewable energy through its subsidiary ONGC Green Limited.

YTD Price Performance: 3.15%

Average Trading Volume: 427,865

Current Market Cap: 3015.5B INR

For detailed information about ONGC stock, go to TipRanks’ Stock Analysis page.

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