ONGC to make Green Hydrogen, inks MoU with India's leading renewable energy Company Greenko ZeroC

Energy major Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with M/s Greenko ZeroC Private Limited (Greenko), to jointly pursue opportunities in Renewables, Green Hydrogen, Green Ammonia and other derivatives of green hydrogen.

The MoU, valid for two years, was inked on 26 July 2022 in New-Delhi by ONGC Director Onshore Shri Anurag Sharma and Greenko CEO & Managing Director Shri Anil Kumar Chalamalasetty, in the presence of Union Minister of Petroleum and Natural Gas & Urban Affairs Shri Hardeep Singh Puri, Secretary (MoP&NG) Shri Pankaj Jain, ONGC CMD Dr. Alka Mittal, along with ONGC Director (Finance) Ms Pomila Jaspal, other senior officials from MoP&NG, ONGC and Greenko. Greenko is one of India's leading renewable energy Companies.

This MoU is in line with the National Hydrogen Mission launched by Hon'ble Prime Minister in making India a global green hydrogen hub. The activities envisaged under this MoU will contribute towards India's target of producing of 5 million tonnes of Green hydrogen per annum by 2030.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 128.55 as compared to the previous close of Rs. 129.70. The total number of shares traded during the day was 755888 in over 6080 trades.

The stock hit an intraday high of Rs. 131.60 and intraday low of 127.75. The net turnover during the day was Rs. 98137977.00.

Source : Equity Bulls

Keywords

OilandNaturalGasCorporation INE213A01029 ONGC MoU Greenko GreenHydrogen Renewables GreenAmmonia