TestCloud
Prep • Practice • Perform
Log In

BHEL and ONGC Sign MoU to Collaborate on New and Renewable Energy Projects.

Economy Business | Dated: 16 Jan 2025

In January 2025, Bharat Heavy Electricals Limited (BHEL), a leading Central Public Sector Enterprise (CPSE) under the Ministry of Heavy Industries (MHI) based in New Delhi, and Oil & Natural Gas Corporation Limited (ONGC), a 'Maharatna' CPSE also based in New Delhi, signed a Memorandum of Understanding (MoU) to explore collaboration in the New and Renewable Energy (NRE) sector.

🎯 Key Highlights:

  • - The MoU outlines that this strategic partnership will focus on key areas of NRE such as fuel cell, electrolyser, and battery energy storage system projects.

💡 Other Important Facts:

  • (i) Both public sector entities will combine their strengths to promote innovations in the clean energy ecosystem and support India’s National Green Hydrogen Mission (NGHM).
  • (ii) This partnership is a significant step toward aligning India’s renewable energy targets and advancing the adoption of clean energy solutions.

📚 Test Your Knowledge:

Recently BHEL signed MoU with which company for new and renewable energy projects?

Correct Answer: ONGC

🚀 Quick Recap: