India's ONGC unit buys clean energy firm PTC Energy

India's ONGC unit buys clean energy firm PTC Energy for $106 mln
Indian oil explorer Oil and Natural Gas Corp said on Tuesday its unit acquired clean energy firm PTC Energy for 9.25 billion Indian rupees ($106.02 million) as the company looks to ramp up its green energy portfolio.
ONGC gains after arm acquires 100% stake in PTC Energy
Oil and Natural Gas Corporation (ONGC) advanced 1.01% to Rs 229.15 after the company's wholly owned subsidiary, ONGC Green (OGL) has acquired 100% stake in PTC Energy Limited (PEL) to strengthen its investment in the renewable energy sector.
ONGC unit buys clean energy firm PTC Energy for $106 mn
Oil and Natural Gas Corp's unit has acquired clean energy firm PTC Energy for 9.25 billion rupees to expand its renewable energy portfolio. PTC Energy, with 288 MW of wind generation capacity, helps ONGC progress towards its aim of achieving 10 GW renewable energy capacity by 2030.
India's ONGC unit buys clean energy firm PTC Energy for $106 million
Indian oil explorer Oil and Natural Gas Corp said on Tuesday its unit acquired clean energy firm PTC Energy for 9.25 billion Indian rupees ($106.02 million) as the company looks to ramp up its green energy portfolio.
ONGC unit acquires PTC Energy for INR 925 crores
The latter has over 200 MW of wind capacity. India's Oil and Natural Gas Corporation (ONGC) has announced that its subsidiary has acquired a 100% stake in renewables company PTC Energy Limited (PEL).
PTC India shares rise 3.5% after company divests renewable energy unit for ₹925 crore
PTC India shares rose 3.5% to ₹149.20 after ONGC's acquisition of PTC Energy for ₹925 crore. PTC Energy operates 288.80 MW of wind capacity across India. Despite a previous 42% decline, the stock is recovering,
Rs 925 crore deal! ONGC acquires clean energy firm PTC Energy – Details
PTC Energy Limited, as a wholly owned subsidiary of PTC India Limited, has an aggregate operational wind generation capacity of 288.80 MW located in seven locations in Andhra Pradesh (AP), Madhya Pradesh (MP) and Karnataka.
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