ONGC Gets MoPNG’s Approval to Form Green Energy Subsidiary.

National

The Petroleum and Natural Gas Ministry has approved the formation of a subsidiary company of Oil and Natural Gas Corporation Limited (ONGC) for green energy and gas business.The company will engage in businesses related to green hydrogen, hydrogen blending, renewable energy solar, wind and hybrid etc., biofuels, biogas business and LNG.Oil and Natural Gas Corporation Limited (ONGC) has received the approval from the Ministry of Petroleum and Natural Gas (MoPNG) to establish a wholly-owned subsidiary company for green energy and gas business.


      The proposed name of the subsidiary is “ONGC Green Limited” subject to the approval of the Ministry of Corporate Affairs(MoCA).

      ONGC is a Maharatna central public sector undertaking(CPSU) under MoPNG.

      The formation of the JVC is subject to necessary Government/ regulatory approvals including from NITI Aayog(National Institution for Transforming India), Department of Investment and Public Asset Management (DIPAM) (Ministry of Finance).

 

     


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