India’s state-owned Oil and Natural Gas Corp.(ONGC) aims to invest $12.1 billion by 2030 in a bid to balance its fossil fuel-heavy energy portfolio with green projects. The company produces more than half the nation’s oil and gas, and plans to grow its renewable power portfolio to 10,000 megawatts by...
ONGC raises US$ 300 million under ECB route
The Oil and Natural Gas Corporation (ONGC) has raised $300 million under the External Commercial Borrowing route for meeting its capital expenditure needs. "The bonds will bear a coupon of 3.375 per cent and will mature in 2029. This is the tightest coupon for 10 year or longer tenor offering...
India to Bring Nuclear Energy Production Back on Track
India has failed to meet its nuclear power generation targets, and cites the reasons for this as a lack of nuclear fuel available in the country, and delays in constructing and commissioning nuclear power plants, including first-of-a-kind plants and the Prototype Fast Breeder Reactor. Eight of India's operating nuclear power...