Which Indian oil and gas company received government approval to establish a subsidiary for green energy initiatives?

Question

Which Indian oil and gas company received government approval to establish a subsidiary for green energy initiatives?

A. Oil and Natural Gas Corporation

B. Reliance Industries Limited

C. Indian Oil Corporation Limited

D. Adani Green Energy Limited

Oil and Natural Gas Corporation (ONGC) has secured approval from the Ministry of Petroleum and Natural Gas to establish 'ONGC Green Limited.' The subsidiary aims to focus on gas business and clean energy initiatives, including green hydrogen, renewable energy, and biofuels. ONGC plans to invest Rs 1 lakh crore to achieve 10 GW of renewable energy capacity and two million tonnes of green ammonia production by 2035.

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Comment

In a significant MoU for financing infrastructure projects, which organization collaborated with RVNL and is involved in an investment of up to Rs. 35,000 Crores over the next 5 years?

A. REC Limited

B. PFC

C. NABARD

D. RITES

Which Indian oil and gas company received government approval to establish a subsidiary for green energy initiatives?

Correct Answer :

Show all Current Affairs January 2024 MCQ

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