tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ONGC Approves Financial Results and Unveils Major Renewable Energy Investment

Story Highlights
ONGC Approves Financial Results and Unveils Major Renewable Energy Investment

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Oil & Natural Gas Corp. Ltd. ( (IN:ONGC) ) has provided an update.

Oil & Natural Gas Corporation Limited announced the approval of its unaudited financial results for the quarter ending June 30, 2025, during a board meeting. The company also revealed plans to invest ₹4,963.06 crore in a 0.6 GW renewable energy project, comprising 300 MW each of solar and wind power, by 2028. This initiative is expected to provide operational savings and enhance ESG compliance, indicating a strategic shift towards sustainable energy solutions.

More about Oil & Natural Gas Corp. Ltd.

Oil & Natural Gas Corporation Limited (ONGC) is a major player in the oil and natural gas industry, primarily focusing on exploration and production. It is involved in the energy sector with a significant emphasis on oil and gas, and is expanding its focus to include renewable energy projects.

Average Trading Volume: 564,862

Technical Sentiment Signal: Sell

Current Market Cap: 2938.8B INR

See more data about ONGC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1