No Immediate Plans for ONGC Green's IPO

17 Dec 2024 CW Team

Oil and Natural Gas Corporation (ONGC), India’s state-owned oil and gas giant, has no immediate plans to list its renewable energy subsidiary, ONGC Green Limited (OGL), on the stock exchange. The clarification follows speculation about a potential initial public offering (IPO) amid rising investor interest in renewable energy assets. In an official statement, ONGC noted, "The company is in the process of building a green energy portfolio as part of its growth strategy and future energy focus. Any decision on the public listing of ONGC Green Limited will be made by the ONGC Board at an appropriate time. Currently, no concrete plans are in place." ONGC Green has been actively growing its presence in the renewable energy sector. The company recently finalised a share purchase agreement to acquire a 100% stake in PTC Energy Limited (PEL) from PTC India Ltd. PEL operates wind energy projects with a total capacity of 288.80 MW spread across Andhra Pradesh, Madhya Pradesh, and Karnataka. Further, ONGC Green has partnered with NTPC Green in a joint venture to explore opportunities in offshore wind projects, energy storage, green hydrogen, e-mobility, and asset acquisitions, marking its commitment to clean energy initiatives. (ET)

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..