{"id":612849,"date":"2023-10-27T10:56:00","date_gmt":"2023-10-27T05:26:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612849"},"modified":"2023-10-27T12:16:51","modified_gmt":"2023-10-27T06:46:51","slug":"ongc-to-acquire-ptcs-wind-power-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-acquire-ptcs-wind-power-unit\/","title":{"rendered":"ONGC to acquire PTC\u2019s wind power unit"},"content":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd\u2019s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel business.<\/p>\n<p>In a stock exchange filing, India\u2019s top oil and gas producer said it has over the years diversified into the petrochemicals and power business besides growing its core business of finding hydrocarbons.<\/p>\n<p>\u201cWith a vision to expand its business in renewable energy, the company had participated in the bidding process for acquisition of 100% equity stake of PTC Energy Limited (PEL), a wholly owned subsidiary of PTC India Limited (PTC),\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd\u2019s wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel business. In a stock exchange filing, India\u2019s top oil and gas producer said it has over the years diversified into the petrochemicals and power business besides growing its core business of finding hydrocarbons. \u201cWith a vision to expand its business in renewable energy, the company had participated in the bidding process for acquisition of 100% equity stake of PTC Energy Limited (PEL), [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,247,150],"tags":[],"class_list":["post-612849","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-tribune","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=612849"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612849\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}