In a significant move towards strengthening India’s renewable energy sector, ONGC Green Limited (OGL) has successfully acquired PTC Energy Limited (PEL) from PTC India Limited for ₹1,179 crore. The transaction, which aligns with ONGC’s broader green energy ambitions, was officially completed on March 19, 2025.
PTC India confirmed in a regulatory filing that it received the remaining ₹254 crore from ONGC Green on March 19 after business hours, following an earlier payment of ₹925 crore on March 4. With this final payment, the full divestment of PTC Energy has been executed as per the agreed Share Purchase Agreement.
This acquisition marks a key milestone for ONGC Green as it expands its renewable energy portfolio, reinforcing its commitment to India’s clean energy transition. The deal is expected to enhance ONGC Green’s capacity in wind and solar energy, contributing to the country’s goal of achieving net-zero emissions in the coming decades.
Industry experts view this acquisition as a strategic step in consolidating India’s green energy landscape, with major players like ONGC accelerating their investments in renewables.
The successful completion of this transaction underscores the growing momentum in India’s renewable energy sector, as companies continue to invest in sustainable solutions to meet the nation’s evolving energy needs.
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