ONGC likely to list green energy arm in 2025-26

State-run ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary, ONGC Green in the next financial year 2025-26, according to the company's Director (Exploration), Sushma Rawat.

- Arunima Bharadwaj

"That (IPO for ONGC Green) will not take too long but I think some homework needs to be done," Rawat told FE.

The company has been diversifying into renewable energy, including solar, wind, and green hydrogen, given the country's target of achieving net zero by 2070.

The firm aims to curtail carbon emissions by 1 billion tonne and simultaneously reduce carbon intensity by 45% by 2030.

It had earlier revealed its plans of investing around ₹1 lakh crore by the end of 2030 on its multiple green initiatives and is planning to scale up its renewable portfolio to 10 GW.