Oil and Natural Gas Corporation’s (ONGC) wholly-owned subsidiary -- ONGC Green (OGL) and NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, have incorporated 50:50 Joint Venture Company in name of ONGC NTPC GREEN (ONGPL), on November 18, 2024.
ONGPL will be engaged in the business of exploring and setting up Renewable Energy (RE) projects and assets both through Greenfield development and acquisitions. ONGPL will also assess the feasibility and establishment of offshore wind projects, among other related activities.
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.
