State-owned Oil and Natural Gas Corporation (ONGC) said it is investing Rs.1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen, as it looks to transform into a low-carbon energy player.

• In a statement, India’s largest crude oil and natural gas producer said it had detailed a “roadmap to scale up its low-carbon energy portfolio significantly.”
• “ONGC has aligned itself with India’s ambitious goals and is wholeheartedly contributing to the nation’s aim to curtail carbon emissions by 1 billion tonne and simultaneously reduce carbon intensity by 45% by 2030,” it said.
• The firm said it had adopted various de-carbonisation levers resulting in significant emission reductions over the years.