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ONGC

, The company has announced significant investments aimed at expanding its renewable energy portfolio and enhancing its international presence. Here are the key details: Investment Overview Investment in ONGC Green: Amount: Rs 3,300 crore Method: Rights issue Purpose: The funds will be utilized by ONGC Green for the acquisition of a 100% equity stake in Ayana Renewable Power. ONGC NTPC Green (ONGPL): Structure: ONGPL is a 50:50 joint venture between ONGC Green and NTPC Green Energy. Objective: The acquisition of Ayana Renewable Power will enhance the renewable energy capabilities of the joint venture. Investment in Beas Rovuma Energy Mozambique: Amount: Up to Rs 1,500 crore Entity: ONGC Videsh, a subsidiary of ONGC. Ownership: ONGC Videsh holds a 60% share in Beas Rovuma Energy Mozambique, with Oil India as the other joint venture partner. Strategic Implications Renewable Energy Focus: The investment in Ayana Renewable Power aligns with the company's strategy to strengthen its position in the renewable energy sector, reflecting a commitment to sustainability and diversification of its energy portfolio. International Expansion: The investment in Beas Rovuma Energy Mozambique indicates a strategic move to enhance the company's footprint in international markets, particularly in the energy sector. Conclusion These investments signify the company's proactive approach to expanding its renewable energy initiatives and exploring international opportunities, which are crucial for long-term growth and sustainability in the evolving energy landscape.