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 Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..