ONGC to invest ₹1 lakh crore in Green Energy

 https://youtube.com/shorts/4HmWAFf7YQ0?si=rKgCHIs9PQGMCObF


  • ONGC to invest ₹1 lakh crore in Green Energy
  • ONGC incorporated ONGC Green Limited (OGL)  
  •  ₹1 lakh crore for investments in green energy until 2030, ONGC has earmarked a portion of these funds for green hydrogen plants between 2028 and 2030, contingent on the energy source becoming marketable by then.
  • Describing solar energy at ₹2 per kilowatt-hour (kWh) as an attractive alternative to fossil fuels priced at ₹10 per kWh, the Maharatna PSU aims to eliminate methane emissions and avoidable flaring as part of its commitments as a signatory to COP 28.
  • OGL is primarily engaged in green energy and gas businesses viz. renewable energy (solar, wind, hybrid, hydel, tidal and geothermal etc.), biofuels/ bio-gas business, green hydrogen and its derivatives such as green ammonia, green methanol, storage, carbon capture utilization and storage and LNG business.   
  • OGL has signed Share Purchase Agreement on 13.09.2024 with PTC India Limited for acquisition of 100 % equity stake in PTC energy Limited (PEL). 
  • PEL has an aggregate operational wind generation capacity of 288.80 MW located in Andhra Pradesh (AP), Madhya Pradesh (MP) and Karnataka. 
  • It operates a total of 157 Wind Turbine Generators (WTGs) across all its wind farms. 

About the author

Hi, My Name is Rounaq Bakshi.

I am investing in Indian Markets from 2012 with focus on fundamental analysis.  

Twitter: https://x.com/TKaur1111                                        

Linkedin : https://www.linkedin.com/in/rounaq-bakshi-12224412?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

Have you subscribed to my channel yet ?                                                                    Blog: https://www.blogger.com/blog/posts/7615048544598005669

Youtube : https://youtube.com/@rounaqbakshi1875

Join my group : https://chat.whatsapp.com/G7ZJwq0NPCUAWffYXs8eoY

Instagram: https://instagram.com/rounaqbakshi?igshid=MmIzYWVlNDQ5Yg==

Telegram: https://t.me/rounaqbakshi

Comments

Post a Comment

Popular posts from this blog

Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...
Read more

RSI Indicator for finding good value stocks?

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.
Read more

Poonawalla Fincorp: I love stocks at 52L

https://youtube.com/shorts/kEd4ftcXaV4?si=8FpeXOzf0qyTs_Mo   Poonawalla Fincorp: I love stocks at 52L AUM up 52% YoY to ₹26,972 crore PPoP at ₹432 crore in Q1FY25, up 47% YoY and 6% QoQ  Assets:  ➢ Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ  ➢ AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.   Asset Quality:  ➢ Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ  ➢ Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ  ➢ Provision Coverage Ratio stood at 52.53%   Profitability:  ➢ Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ  ➢ Profit After Tax (PAT) was ₹292 crore, up 46% YoY  ➢ Return on Assets (RoA) stood at 4.62%  ➢ Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ
Read more