Oil and Natural Gas Corporation Limited announced that the formation of ?ONGC Green Limited? as wholly owned subsidiary of the Company on February 27, 2024 to engage into the business of value-chains of energy business viz. Renewable Energy (Solar, Wind, Hybrid, Hydel, tidal and Geothermal etc.), Bio-fuels/Bio-gas business, Green Hydrogen and its derivatives like green Ammonia, Green Methanol, Storage, Carbon Capture utilisation and storage and LNG business.

Industry to which the entity being acquired belongs; Green Energy and Gas Business. To engage into the business of value-chains of energy business viz. Renewable Energy (Solar, Wind, Hybrid, Hydel, tidal and Geothermal etc.), Bio-fuels/Bio-gas business, Green Hydrogen and its derivatives like green Ammonia, Green Methanol, Storage, Carbon Capture utilisation and storage and LNG business.