Current Affairs · Corporate Acquisitions and Clean Energy Infrastructure
Case Study: In a strategic maneuver to accelerate India's transition towards clean energy and fulfill long-term net-zero commitments, two major public sector undertakings established a 50:50 joint venture. This newly formed entity executed a major renewable energy acquisition in India by purchasing a leading renewable energy platform with a 4.1 GW portfolio from a consortium of investors, including the National Investment and Infrastructure Fund (NIIF). The acquisition supports the parent entities' net-zero targets for 2038 and 2050. Which of the following combinations correctly identifies the joint venture, the financial valuation of the acquisition, and the specific renewable capacity target the NTPC wing aims to achieve by FY32?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ONGC NTPC Green (ONGPL); ₹19,500 crore ($2.3 billion); 500 GW
- 2Adani Green Energy (AGEL); ₹19,500 crore ($2.3 billion); 60 GW
- 3ONGC NTPC Green (ONGPL); $3.5 billion; 4.1 GW
- 4ONGC NTPC Green (ONGPL); ₹19,500 crore ($2.3 billion); 60 GW✓
Correct answer
ONGC NTPC Green (ONGPL); ₹19,500 crore ($2.3 billion); 60 GW
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