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O.N.G.C. TO INVEST ABOUT 2 LAKH CRORES TO MEET ZERO EMMISION GOAL

NEW DELHI, July 9, 2024 (TBINN)

State-owned Oil and Natural Gas Corporation (O.N.G.C.) will invest about Rs 2 lakh crore in setting up renewable energy sites and Green hydrogen plants and cutting gas flaring to zero to achieve its 2038 net-zero carbon emission goal.

The company, which produces about two-thirds of India’s crude oil and about 58 per cent of natural gas, today released a 200-page document, detailing its path to achieving net zero emissions.

It listed clean energy projects even as it looks to boost its hydrocarbon output to meet country’s energy needs.

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