🛢️ *ONGC To Invest ₹1,200 Crore for PTC Energy Acquisition* By The Valuation School *Big Move Towards Renewable Energy* ONGC is investing ₹1,200 crore in its subsidiary ONGC Green Ltd. (OGL) to buy PTC Energy Ltd. (PEL), which runs 288.8 MW of wind projects across Andhra Pradesh, Madhya Pradesh, and Karnataka. This investment will be done through a rights issue of equity shares, as per ONGC's latest filing. *Boosting Green Energy Goals* This acquisition is part of ONGC's bigger plan to shift towards renewable energy and achieve net-zero emissions by 2038. The company has also given a ₹75 crore corporate guarantee to support this deal. *More Investments Coming* ONGC had already approved an extra ₹99 crore equity infusion in March 2024, with plans to invest another ₹1,100 crore soon to expand its green energy business. *Source*: https://tinyurl.com/2sm9pee3 *Acha laga, react & share karo & follow our social media for more updates & financial content:* ✅ WhatsApp Channel: https://t.ly/BJTRY ✅ Youtube: https://t.ly/lJqST ✅ Newsletter: https://t.ly/L2vK2 ✅ Instagram: https://t.ly/SLIX4 ✅ LinkedIn (Parth Sir): https://t.ly/mN4yj ✅ LinkedIn (The Valuation School): https://t.ly/Hbeh0 *NOTE:* This post is just for educational purpose and not a buy or sell