NEW DELHI: To transform itself into a low-carbon energy player, Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade, according to sources in the company.
Investments will be made in low-carbon energy opportunities, including renewables and green hydrogen. the state-owned crude oil and natural gas producer said in a statement that it has detailed a “roadmap to scale up its low-carbon energy portfolio significantly”.
“ONGC has aligned itself with India’s ambitious goals and is wholeheartedly contributing to the nation’s aim to curtail carbon emissions by 1 billion tonne and simultaneously reduce carbon intensity by 45 per cent by 2030,” PTI quoted ONGC.
