MoneyWorks4Me

ONGC to invest Rs 500 cr in renewable energy R&D

19 Nov 2010 Evaluate

Oil and Natural Gas Corporation (ONGC to tap non-conventional sources to achieve energy security and will invest Rs 500 crore on research and development in the areas of non-conventional energy. ONGC has also set up a 150 Mw wind power plant and the company has recently approved setting up of another 100 Mw wind energy plant.

ONGC has ventured into exploration of shale gas reserves. It is also engaged in tapping non-conventional energy sources like solar, thermal energy, LED (light emitting diode) and fuel cells that emits less carbon.crackcrack

Peers
Company Name CMP
ONGC 225.50
Oil India 444.40
Jindal Drilling&Inds 585.60
Deep Industries 745.85
Asian Energy Service 458.45
View more..