Which Indian oil and gas company has partnered with NTPC to form a 50:50 joint venture for renewable energy initiatives?

ONGC

Reliance Industries

Hindustan Petroleum

Indian Oil Corporation

Correct Answer : ONGC

Oil and Natural Gas Corporation (ONGC) has joined forces with NTPC Limited to create a 50:50 joint venture, driving India's green energy future.

Through their respective green subsidiaries, ONGC Green Energy Ltd. (OGL) and NTPC Green Energy Ltd. (NGEL), the partnership aims to accelerate renewable energy growth in solar, wind, green hydrogen, and sustainable fuels.

This collaboration, approved by DIPAM and NITI Aayog, marks a significant step in achieving India's renewable and new energy goals.

The joint venture will explore diverse opportunities, including energy storage, green molecules, e-mobility, and carbon credits, solidifying ONGC's commitment to sustainable energy innovation.

Published On : November 6, 2024

Recent Updates in Business and Economics - General Knowledge Questions

Q .

Which company has acquired an 85.8% stake in Air Works for Rs 400 crore?

L&T Group

Adani Group

Tata Group

Reliance Industries

Correct Answer : Adani Group

* Adani Group has acquired an 85.8% stake in Air Works, India's largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for Rs 400 crore.

* This acquisition strengthens Adani’s presence in India’s civil and defence aviation services sectors, contributing to the country’s growing aviation market and supporting the Aatmanirbhar Bharat initiative.

* The move also expands Adani’s capabilities in the defence and civil MRO sectors, enhancing its service offerings and footprint across India and internationally.

Published On : December 25, 2024

Category : Business and Economics

Q .

What percentage of stake did Coca-Cola sell in its India bottling business to Jubilant Bhartia Group?

30%

40%

50%

60%

Correct Answer : 40%

* Coca-Cola sold a 40% stake in its India bottling business, Hindustan Coca-Cola Holdings (HCCH), to Jubilant Bhartia Group for ?12,500 crore, valuing the company at ?31,250 crore.

* This sale aligns with Coca-Cola's asset-light refranchising strategy and will help strengthen its presence in India, its fifth-largest market.

* The transaction also marks a significant step for Jubilant Bhartia Group to expand its portfolio in the beverage sector, leveraging its expertise from businesses like Domino’s and Dunkin’ to boost growth in the bottling sector.

Published On : December 13, 2024

Category : Business and Economics

Q .

Which company signed a long-term LNG ship charter contract with "K" LINE?

ONGC

Indian Oil

GAIL

Reliance Industries

Correct Answer : GAIL

GAIL has entered into its first long-term time charter agreement with Singapore-based "K" LINE for a new LNG ship, featuring a tank capacity of 1,74,000 cubic meters.

Scheduled to be operational by 2027 and built by Samsung Heavy Industries, this agreement enhances GAIL's LNG transport capabilities.

The partnership also benefits from "K" LINE's extensive 40-year expertise in LNG shipping, marking a significant step in strengthening India's energy infrastructure.