ONGC charts new course, eyes distinct unit for green ventures

13 Dec 2023 CW Team

India's Oil and Natural Gas Corporation (ONGC) is set to establish a dedicated business entity specifically for green energy projects. This strategic move reflects ONGC's commitment to expanding its footprint in the renewable energy sector. The decision to create a separate unit underscores the company's recognition of the growing significance of clean energy sources and the need to focus on sustainability. By establishing a distinct entity for green ventures, ONGC aims to streamline its efforts, enhance efficiency, and drive innovation in the rapidly evolving renewable energy landscape.

This initiative aligns with India's broader push towards cleaner and sustainable energy solutions. ONGC, a major player in the traditional energy sector, is adapting to changing market dynamics and global trends by diversifying its portfolio. The move also positions ONGC to leverage emerging opportunities in the green energy market while contributing to the country's renewable energy goals. The establishment of a dedicated business entity for green energy projects reflects ONGC's proactive approach to balancing traditional and renewable energy sources in its overall business strategy. As the world transitions towards a more sustainable energy future, ONGC's strategic decision signals a forward-thinking approach and a commitment to environmental stewardship in the energy sector.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..