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 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..