+
BPCL, ONGC, NTPC to ramp up renewable energy capabilities
POWER & RENEWABLE ENERGY

BPCL, ONGC, NTPC to ramp up renewable energy capabilities

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities.

Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW).

The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength.

In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India.

Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation.

Image Source

India's commitment to considerably decrease carbon emissions and the developing global sentiment against hydrocarbons is directing public sector units active in the nation's energy sector to aggressively grow their renewable energy (RE) capabilities. Bharat Petroleum Corporation Ltd (BPCL) has allotted Rs 25,000 crore to boost its RE portfolio by 2040. The firm that presently has an RE capacity of 45 megawatts (MW) is eventually looking at ramping it to 10 gigawatts (GW). The move by BPCL comes about a month after ONGC inked an MoU with the Solar Energy Corporation of India (SECI) to roll out renewable as well as environmental, social and governance (ESG) projects. The global energy holding firm is additionally targeting a minimum of 10 GW of renewable power by 2040, even as it continues to concentrate on its core exploration and production (E&P) strength. In India, the private sector had already taken the charge, but it is time that the public sector additionally lends a hand given the enormous size of unmitigated emissions with them. It is natural for the petroleum sector to get into verticals such as green hydrogen and wind and solar. It is additionally looking at blending petroleum fuels with ethanol, said Jigar Shah, CEO at merchant bank Maybank Kim Eng Securities India. Signatories to the 2015 Paris Agreement have committed to decreasing their emission intensity to guarantee that global temperatures don't increase over 1.5 degree Celsius by 2050. Since then, significant initiatives have been underway in fossil fuel-based enterprises such as oil and gas, coal and transportation. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code