Larsen and Toubro s (L&T) energy hydrocarbon arm has secured a contract worth over Rs 7,000 crore from a client in the Middle East. The project involves the engineering, procurement, and construction of gas compression plants, as well as the establishment of three extra-high-voltage substations.
ONGC aims to invest $12.08 billion by 2030 to own 10 gigawatts of renewable energy capacity. The company is currently constructing a 5 gigawatts solar energy project and has plans for offshore wind energy plants. ONGC is also exploring collaborations for low-carbon energy opportunities such as renewables, green hydrogen, and green ammonia.