ONGC to invest up to Rs 2 trillion by 2038 to meet net-zero goals
Oil and Natural Gas Corp (ONGC) Chairman and Chief Executive Officer (CEO) Arun Kumar Singh on Tuesday said the country’s top explorer would invest up to Rs 2 trillion by 2038 in two phases (Scope I and Scope II) to achieve emission targets.
These investments will involve components of green ammonia, hydrogen, solar, and other measures, he said.
Scope I refers to emissions from direct company-owned and controlled resources. Scope II pertains to purchase of fossil fuel based electricity, cooling or heating solutions deployed by a company in its processes.
