ONGC Green acquires PTC Energy for Rs 9.25 billion
ONGC Green Limited (OGL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC) Limited, has acquired a 100% equity stake in PTC Energy Limited (PEL) for Rs 9.25 billion, making it a wholly owned subsidiary of OGL. PEL operates in the renewable energy sector with an operational wind generation capacity of 288.80 MW across seven locations in Andhra Pradesh, Madhya Pradesh, and Karnataka. It runs 157 wind turbine generators (WTGs) across these sites….