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ONGC inks joint venture agreement with NGEL

08 Feb 2024 Evaluate

Oil and Natural Gas Corporation (ONGC) and NTPC Green Energy (NGEL) have signed a Joint Venture Agreement (JVA) to develop renewable energy projects focusing on offshore wind. This was signed on February 7, 2024 during India Energy Week held at Goa. 

The JVA marks a pivotal collaboration aimed at spearheading Renewable Energy Projects both within India and on the international stage. Specifically, the agreement encompasses ventures in offshore wind projects while also delving into potential opportunities in Storage, E-mobility, Carbon Credits, Green Credits, Green Hydrogen business, and its derivatives such as Green Ammonia and Green Methanol.

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.


ONGC Share Price

285.30 -0.90 (-0.31%)
24-Apr-2026 13:17 View Price Chart
Peers
Company Name CMP
ONGC 285.30
Oil India 475.15
Jindal Drilling&Inds 532.85
Deep Industries 502.00
Asian Energy Service 310.80
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