Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 121)
121.
Which Indian oil and gas company received government approval to establish a subsidiary for green energy initiatives?
Answer: Option
Explanation:
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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