ONGC to invest Rs 2 lakh cr to meet net zero emission target

State-owned Oil and Natural Gas Corporation (ONGC) will invest around Rs 2 lakh crore to achieve net-zero carbon emissions by 2038. The investment will focus on renewable energy sites, green hydrogen plants, and eliminating gas flaring. ONGC, which produces a significant portion of India's crude oil and natural gas, outlined its plan in a 200-page document. By 2030, ONGC will invest Rs 97,000 crore in renewable energy projects, including solar and offshore wind.