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HomeMONEY₹304 Share Is Investing Rs 2 Lakh Crore In Green Hydrogen; Now...

₹304 Share Is Investing Rs 2 Lakh Crore In Green Hydrogen; Now This Stock Is Ready To Run

LIC

Oil and Natural Gas Corporation The Green Hydrogen: Oil and Natural Gas Corporation a renowned firm that produces natural gas and oil in our country, was ranked 158th in the Fortune Global 500 list.

It accounts for 77 percent of our country’s crude oil production total and 81 percent of the gas production. The gas and oil that the firm produces releases nine million tons of carbon.

To cut down on carbon emissions generated by the business The company is currently focused on renewable energy. The company is hoping to achieve the goal of achieving zero carbon emissions by 2038.

The company plans to invest approximately 2 lakh crore rupees to reach this goal of emission-free carbon.

The Company Aims To Produce 5 Gigawatts Of Green Hydrogen By 2030

About the issue of carbon emissions, ONGC has set itself a goal for producing five gigawatts of renewable energy in 2030.

To achieve this, the company will develop projects that are related to Green Hydrogen, Biogas, Offshore Wind Energy, and Pump Storage Plant, for which it will invest around 97,000 crore.

The majority of the funds to be put into the project will be used to build Green Hydrogen and Green Ammonia plants. The remaining funds will be earmarked to create offshore wind power projects.

The project for coastal wind energy to be built through this investment will be able to produce around 1 gigawatts of renewable power.

The Company Will Set Up A Solar Park

In light of the growing demand for renewable energy in the country, it is necessary to establish several solar parks across the country.

One of which is being put with the help of Adani Group and the establishment of a 2nd solar park within the nation was made public by ONGC.

In its statement, the firm announced that it is planning to construct a solar park of five gigawatts.

The firm will invest a sum of 30,000 to establish the solar park, in which the installation of solar panels that generate solar energy will be carried out, along with windmills.

These will then be constructed to create electricity using the winds.

The Company Will Produce One Gigawatt Of Energy From Offshore Wind Turbines

This company is aiming to achieve a target that will establish two projects with 0.5 gigawatts each to attain the capacity of 1 gigawatt for offshore wind in 2038.

The company plans to invest Rs 12,500 crore to establish the first offshore wind project with 0.5 gigawatts, and the amount of Rs 12,000 crore for setting up the second 0.5-gigawatt project.

This means that the company is planning to invest an amount of 25,000 crores to reach 1-gigawatt offshore wind energy capacity by 2038.

The Green Hydrogen Project Will Also Be Set Up

The oil and gas produced by ONGC are used as fuel for transportation, however, they also emit carbon dioxide in large amounts shortly.

The company hopes to reach the goal of achieving zero carbon emissions, therefore the company plans to launch projects that deal with green hydrogen, also often referred to as the fuel of the future.

In this project, the company will establish the project for Green Hydrogen and Green Ammonia and Green Ammonia. Two projects of around Rs 40,000-40,000 crores are planned to be established.

The first phase is expected to be completed by 2030. The second one is scheduled to be completed in 2035.

Through these two projects, the production of 1,80,000 tons of Green Hydrogen and one million tonnes of Green Ammonia can be produced each year.

Oil and Natural Gas Corporation Stock Performance

Current Price₹ 305
52-wk High₹ 307
52-wk Low₹ 166
5 Days Return9.64%
1 Month Return11.61%

Key Fundamentals Parameters

Market Cap₹ 3,83,513 Cr.
Stock P/E7.63
Book Value₹ 268
Dividend3.69 %
ROCE18.4 %
ROE16.3 %
Face Value₹ 5.00
P/B Value1.14
OPM16.0 %
EPS₹ 39.1
Debt₹ 1,53,181 Cr.
Debt to Equity0.45

Oil and Natural Gas Corporation Shareholding Pattern

Promoters Holding
Mar 202358.89%
June 202358.89%
Sept 202358.89%
Dec 202358.89%
Mar 202458.89%
FII Holding
Mar 20237.97%
June 20238.11%
Sept 20238.38%
Dec 20239.20%
Mar 20248.88%
DII Holding
Mar 202319.87%
June 202319.84%
Sept 202319.58%
Dec 202318.73%
Mar 202418.88%
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Govt. Holding
Mar 202310.30%
June 202310.30%
Sept 202310.30%
Dec 202310.30%
Mar 202410.30%
Public Holding
Mar 20232.94%
June 20232.87%
Sept 20232.83%
Dec 20232.89%
Mar 20243.05%

Oil and Natural Gas Corporation Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 396,728 Cr
2021₹ 303,849 Cr
2022₹ 491,246 Cr
2023₹ 632,291 Cr
2024₹ 643,037 Cr

Last 5 Years’ Net Profit:

2020₹ 11,456 Cr
2021₹ 21,360 Cr
2022₹ 49,294 Cr
2023₹ 32,778 Cr
2024₹ 57,101 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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