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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..