Oil and Natural Gas Corporation’s (ONGC) wholly-owned
subsidiary -- ONGC Green (OGL) and NTPC Green Energy (NGEL), a wholly-owned
subsidiary of NTPC, have incorporated 50:50 Joint Venture Company in name of
ONGC NTPC GREEN (ONGPL), on November 18, 2024.
ONGPL will be engaged in the business of exploring and
setting up Renewable Energy (RE) projects and assets both through Greenfield
development and acquisitions. ONGPL will also assess the feasibility and
establishment of offshore wind projects, among other related activities.
ONGC is India’s largest government-run corporation and
produces about 70% of India’s crude oil and natural gas. The corporation is the
biggest public sector commercial organization in India.
