Oil & Natural Gas Corporation Limited — Important, 27-03-2025: General Updates

ONGC has announced a board meeting to discuss an investment of ₹3,300 Cr in its wholly-owned subsidiary ONGC Green Limited. The funds will support ONGC Green's further investment of ₹3,152.50 Cr in ONGC NTPC Green Private Limited, effectively strengthening its renewable energy footprint. Additionally, ONGC NTPC Green has completed the acquisition of a 100% stake in Ayana Renewable Power Private Limited, a significant player with 4.1 GW of operational and under-construction assets. This strategic move targets an ambitious goal of achieving a 10 GW renewable energy portfolio by 2030 and aligns with ONGC's commitment to reducing its carbon footprint. Investor sentiment may lean positively as the company enhances its investments in the renewable sector, presenting opportunities amid the transition to sustainable energy.