CapEx News

ONGC to invest Rs 2 lakh crore to achieve net-zero carbon emission by 2038

Power Generation Jul 11,2024

ONGC plans to achieve net-zero carbon emissions by 2038 with Rs 2 lakh crore investments. By 2030, they aim to establish 5 GW of renewable energy capacity and eliminate gas flaring. Investments includ

Read More

ONGC to commence drilling for India's first geothermal project in Ladakh 

Petroleum Apr 24,2024

ONGC plans a geothermal project in Ladakh, set to launch drilling this June. Aimed at emission-free electricity, heating, and irrigation, it addresses Ladakh's unique energy needs. The company ai

Read More

ONGC to drill well for oil and gas in Bihar

Petroleum Mar 27,2024

ONGC intends to drill wells in Bihar and Uttar Pradesh for oil and gas exploration, utilizing 3D seismic data acquired for its Samastipur block. The first drilling, estimated at Rs 30 to 35 crore, aim

Read More

ONGC to invest upto Rs 35,000 crore for 5 GW solar, wind energy

Power Generation Dec 12,2023

Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 30,000 to Rs 35,000 crore for the first phase of solar and wind energy projects, targeting five GW capacity by 2030. The investment will

Read More

ONGC to start commercial oil production from KG block

Petroleum Dec 05,2023

ONGC to commence commercial crude oil production in May 2024 from its delayed flagship deep-sea project in the Krishna Godavari basin. The KG-DWN-98/2 project faced geological challenges and implement

Read More

ONGC to start crude oil production from $5 billion project off Andhra coast

Petroleum Nov 21,2023

ONGC's USD 5 billion project off Andhra Pradesh's coast begins oil production in two weeks, supporting local output. The KG-DWN 98/2 deep-sea project aims for seven to eight million standard

Read More

ONGC to invest Rs 1 trillion to establish two petrochemical plants

Infrastructure Nov 16,2023

ONGC announces a Rs 1 lakh crore investment in two petrochemical plants for converting crude oil into high-value chemicals, aligning with energy transition goals. Crude oil, a primary energy source, w

Read More

ONGC to pump crude from $5 billion project off Andhra coast

Infrastructure Nov 14,2023

ONGC is set to commence oil production from its long-delayed flagship deep-sea project in the Krishna Godavari basin this month. The Cluster-2 project in KG-DWN-98/2 block, Bay of Bengal, aims to reve

Read More