ONGC to Acquire PTC India’s Renewable Energy Subsidiary for ₹9.25 Billion

PTC Energy operates a 288.8 MW wind power portfolio

October 20, 2023

/ Staff
/ Finance and M&A, Other
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Oil and Natural Gas Corporation (ONGC) is set to acquire PTC Energy Limited (PEL), a wholly-owned subsidiary of PTC India, at a transaction valued at ₹9.25 billion (~$111.18 million).

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Staff

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