SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC gets nod to form joint ventures for setting-up compressed bio gas Plants

21 Feb 2024 Evaluate

Oil and Natural Gas Corporation (ONGC) has received an in-principle approval for formation of Joint Venture companies (JVs) either by the company or through its subsidiary (ies)/ associates to set up and operate 15 Compressed Bio Gas (CBG) Plants, subject to requisite approval(s). The Board of Directors of the Company at its meeting held on February 20, 2024, has considered and accorded in-principle approval for the same. 

The Board also accorded, in-principle, approval for the said purpose by formation of 50:50 Joint Ventures by the company or by its subsidiary (ies)/ associates separately with SFC Environmental Technologies and EverEnviro Resource Management with seed equity contribution up to Rs 10 crore for each JV.

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

286.20 2.50 (0.88%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 286.20
Oil India 473.85
Jindal Drilling&Inds 541.55
Deep Industries 488.30
Asian Energy Service 313.05
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×