New Delhi: ONGC Green Limited (OGL) has finalized the acquisition of PTC Energy Limited (PEL) for Rs 1,179 crore.
The transaction, which involved the divestment of a 100 per cent stake by PTC India, was completed on 19 March 2025, following the final payment of Rs 254 crore.
Final Payment Marks Deal Completion
PTC India, in a regulatory filing, confirmed that it received Rs 254 crore from ONGC Green after business hours on 19 March.
This payment followed an earlier transfer of Rs 925 crore on 4 March 2025. With the full amount now settled, the divestment of PEL to ONGC Green is officially concluded.
Strategic Shift in Renewable Energy
The acquisition aligns with ONGC Green’s broader strategy to expand its renewable energy portfolio.
PTC Energy, a subsidiary of PTC India, operates wind power assets across multiple states. By acquiring PEL, ONGC Green aims to strengthen its position in India’s clean energy sector amid increasing investments in sustainable power generation.
Regulatory and Industry Impact
The deal is part of a series of divestments by PTC India to streamline its operations. The transaction also reflects a growing trend of state-run enterprises investing in renewable energy assets as India pushes toward its net-zero targets.
While the acquisition strengthens ONGC Green’s renewable energy capacity, it also marks a significant shift for PTC India, which has been restructuring its business focus. Industry analysts view this deal as part of broader efforts by public sector units (PSUs) to align with India’s clean energy transition.
With the transaction now complete, ONGC Green is expected to integrate PEL’s assets into its operations, contributing to its renewable energy goals.
