Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 1 lakh crore by 2030 on energy transition projects as it targets net zero carbon emissions by 2038. The company is planning to scale up electricity generation from renewable sources from 189 MW to 1 GW by 2030. 

It already has 5 GW of project planned in Rajasthan and is scouting for a similar capacity, and ONGC would also look at offshore wind farms. It is also looking at setting up a 1 million tonne per annum green ammonia plant at Mangalore.

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.