+
ONGC inks MoU with Greenko for green hydrogen, derivatives
POWER & RENEWABLE ENERGY

ONGC inks MoU with Greenko for green hydrogen, derivatives

The Oil and Natural Gas Corp (ONGC) has signed a memorandum of understanding with Greenko ZeroC Pvt Ltd to jointly pursue opportunities in renewable energy, green hydrogen, green ammonia, and other derivatives of green hydrogen. Greenko is one of India’s leading renewable energy companies.

The MoU, valid for two years, was inked in New Delhi by ONGC director onshore Anurag Sharma and Greenko chief executive and managing director Anil Kumar Chalamalasetty. It is in line with the government’s National Hydrogen Mission, aimed at making India a global green hydrogen hub, the companies said in a press statement.

The activities envisaged under the MoU will contribute toward India’s target of producing 5 million tonnes of green hydrogen per annum by 2030. It will also act as a stepping stone for ONGC to achieve renewable energy targets as per its Energy Strategy 2040. ONGC said as the share of renewables in the energy mix is rising, driven by cost competitiveness, climate change awareness and a strong regulatory push, ONGC aims to meet objectives such as de-risking its portfolio against long term disruptions and reducing carbon footprint by moving into the renewables space.

See also:
Govt’s $10-bn plan to curb emissions
Ministry notifies renewable energy purchase, storage norms


The Oil and Natural Gas Corp (ONGC) has signed a memorandum of understanding with Greenko ZeroC Pvt Ltd to jointly pursue opportunities in renewable energy, green hydrogen, green ammonia, and other derivatives of green hydrogen. Greenko is one of India’s leading renewable energy companies. The MoU, valid for two years, was inked in New Delhi by ONGC director onshore Anurag Sharma and Greenko chief executive and managing director Anil Kumar Chalamalasetty. It is in line with the government’s National Hydrogen Mission, aimed at making India a global green hydrogen hub, the companies said in a press statement. The activities envisaged under the MoU will contribute toward India’s target of producing 5 million tonnes of green hydrogen per annum by 2030. It will also act as a stepping stone for ONGC to achieve renewable energy targets as per its Energy Strategy 2040. ONGC said as the share of renewables in the energy mix is rising, driven by cost competitiveness, climate change awareness and a strong regulatory push, ONGC aims to meet objectives such as de-risking its portfolio against long term disruptions and reducing carbon footprint by moving into the renewables space. See also: Govt’s $10-bn plan to curb emissions Ministry notifies renewable energy purchase, storage norms

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code