PSU Watch’s Post

BHEL and ONGC Join Forces to Drive New and Renewable Energy Initiatives Bharat Heavy Electricals Limited (BHEL) and Oil & Natural Gas Corporation Ltd. (ONGC) have signed an MoU for exploring joint projects and collaboration... https://lnkd.in/gpGBWS9y #MoU #BHEL #ONGC #RenewableEnergy #CleanEnergy #GreenHydrogen #Collaboration #EnergyTransition #SustainableDevelopment #Innovation Bharat Heavy Electricals Limited Oil and Natural Gas Corporation Limited (ONGC)

𝐁𝐇𝐄𝐋 𝐬𝐢𝐠𝐧𝐬 𝐌𝐎𝐔 𝐰𝐢𝐭𝐡 𝐎𝐍𝐆𝐂 𝐟𝐨𝐫 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐉𝐨𝐢𝐧𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐫𝐞𝐚 𝐨𝐟 𝐍𝐞𝐰 𝐚𝐧𝐝 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 Bharat Heavy Electricals Limited and Oil and Natural Gas Corporation Ltd have signed an MoU for exploring joint projects and collaboration in the area of New and Renewable Energy business, including Fuel Cell, Electrolyser and Battery Energy Storage System based Projects.   This MoU will help in contributing towards the country’s National Green Hydrogen Mission, as well as leveraging the combined strengths of both organisations for collaborating in emerging areas within the clean energy ecosystem.   The MoU was signed in the presence of Ms. Bani Varma, Director (Industrial Systems & Products) and Director (Engineering, Research & Development) – Addl. Charge, BHEL, and Shri Arunangshu Sarkar, Director (Strategy and Corporate Affairs), ONGC and other senior officials from both organisations.   This collaboration marks a significant step in aligning with India's renewable energy goals and advancing the adoption of clean energy solutions. #renewable #greenhydrogenmission #mou #collaboration #greenenergy #cleanenergy #viksitbharat #aatmanitbharbharat Ministry Of Heavy Industries Ministry of Petroleum and Natural Gas, Government of India Vijay Mittal

Stocks in focus for next week (23rd – 27th September) PART 2: 1) ONGC signs Non-Associated Gas deal in Azeri-Chirag-Deepwater Gunashli (ACG), Azerbaijan NAG resources of ACG are believed to be significant, with up to 4 trillion cubic feet in place. 2) SPICEJET board has approved issuing 48.7 crore equity shares to institutional investors, raising nearly ₹3,000 crore. 3) BPCL is set to expand its presence in the renewable energy sector through two new joint ventures. The state-owned company's Board of Directors has approved partnerships with Sembcorp Green Hydrogen India Pvt. Ltd. and GPS Renewables Pvt. Ltd., respectively. 4) BHEL has announced that it has received an order worth over Rs 6,100 crore from NTPC to set up supercritical thermal power project in Chhattisgarh

ONGC Green Arm IPO - 1. Planned IPO ( FY26 ) - ONGC plans to list its renewable energy subsidiary, ONGC Green Ltd, via IPO in 2025-26 * Announcement made by ONGC’s Director ( Exploration ), Sushma Rawat. 2. Renewable Energy Focus - ONGC is diversifying into solar, wind, and green hydrogen to align with India’s net zero target by 2070. The company plans to scale up its renewable energy portfolio to 10 GW by 2030. 3. Carbon Emission Goals - ONGC aims to Cut carbon emissions by 1 billion tonnes. Reduce carbon intensity by 45% by 2030. 4. Investment Commitment - ONGC plans to invest ₹1 trillion in green initiatives by 2030. 5. Downstream Integration & Petrochemicals - The company is expanding its petrochemicals (petchem) business, a profitable segment leveraging its expertise and crude availability. 6. Collaborations in Green Energy - ONGC is in advanced talks with domestic and international energy players for partnerships in - Green hydrogen Green ammonia Other derivatives of green hydrogen. Conclusion - ONGC’s green arm IPO and renewable energy initiatives underline its commitment to sustainable growth, aligning with India’s climate goals while expanding into profitable green and downstream sectors. #Ongc #Ongcgreen #Greenhydrogen #Greenamonia #IPOAlert

NTPC, ONGC may Join Hands to Acquire Ayana. Economics Time,  7 November 2024 Oil and Natural Gas Corporation (ONGC) has emerged as the highest bidder, ahead of JSW Neo Energy, for Ayana Renewable Power, which is co owned by India's sovereign in vestment fund NIIF (51%), British International Investment (32%), and EverSource Capital (17%), the people said. The state-run oil and gas producer is currently negotiating the share purchase agreement with Ayana's owners and, if all goes well, it may use its planned green energy joint venture (JV) with NTPC to ac quire 100% stake in the renewable energy platform in an all-cash deal. Jaipuria School of Business, Ghaziabad Dr.Rajeev Mathew

NTPC and ONGC Join Forces for Green Energy Joint Venture ⚡🌍 Indian energy giants NTPC Ltd and ONGC are setting up a 50:50 joint venture to drive renewable energy development. Key Focus Areas: ✅ Offshore Wind: Targeting upcoming tenders in Tamil Nadu and Gujarat to lead in offshore wind. ✅ Renewable Tech Portfolio: Includes solar, wind, pumped hydro, and battery energy storage. ✅ Green Hydrogen & Ammonia: Strategic expansion into green hydrogen, ammonia production, and sustainable aviation fuel (SAF). Expansion Potential: ✅ Future Opportunities: Plans to explore e-mobility, carbon credits, and green credits, strengthening India’s clean energy ecosystem. Stay ahead in the energy market—follow India Hydrogen News for the latest updates! #RenewableEnergy #GreenHydrogen #NTPC #ONGC #India

How will India’s renewable landscape change with this new partnership? India’s state-owned giants, NTPC Limited and ONGC Videsh Ltd, are making strides in sustainability by launching a joint venture focused on green hydrogen and sustainable aviation fuel (SAF) production. This collaboration, a 50-50 partnership between NTPC Green Energy Limited (NGEL) and ONGC Green Energy Limited (OGL), has secured regulatory approvals and is set to advance India’s renewable energy capacity across solar, onshore, and offshore wind projects. The JV also aims to invest in energy storage solutions like battery and pumped hydro storage to bolster grid stability and facilitate renewable integration. Additionally, NTPC and ONGC will explore trading carbon and green credits, supporting India’s climate goals. What role do you see this partnership playing in India’s renewable future? Read more on our blog: https://lnkd.in/g4dyumWu #AvfoilNews #RenewableEnergy #India #NTPC #ONGC #GreenHydrogen #SustainableAviationFuel #SAF #EnergyStorage #CarbonCredits #ClimateAction

L&T wins Transmission & Distribution orders worth up to ₹5,000 crore, boosting its sector leadership. Meanwhile, BHEL and ONGC sign an MoU to collaborate on renewable energy projects, driving sustainability. Stay tuned for more exciting Stock market updates! #weeklynews #weeklynewsletter #weeklynewsupdate #news #newsfeed #weeklyupdate #weeklyupdates #Power #powersector #tata #tatagroup #mobility #route #partners #vendingmachines #bhel #ongc #railway #dubai #MOU

Explore how ONGC is revolutionizing India’s energy sector with innovation and sustainability. Dive into the future of oil and gas! Read the post 🔗 https://lnkd.in/dJJ2Bwwz #ongc #energy #India

Power Grid has signed an MoUs with ONGC to collaborate on Green Hydrogen and clean energy projects Power Grid Corporation of India Limited Oil and Natural Gas Corporation Limited (ONGC) https://lnkd.in/dvzj4f8G