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

14 Oct 2025

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

PMRDA Launches Rs 5,580 Mn Road Upgrade Plan to Ease Chakan Traffic

The Pune Metropolitan Region Development Authority (PMRDA) has launched Rs 5,580 million road infrastructure upgrade plan to address severe traffic congestion in the Chakan industrial region. The initiative aims to improve connectivity between Pune and major industrial hubs, including Talegaon, Moshi, and Alandi. Under the plan, PMRDA will widen existing roads, construct new link roads, and improve junctions across the Chakan–Talegaon and Moshi-Alandi corridors. These measures are expected to streamline the movement of goods and workers, benefiting the area are automotive and manufacturing ..