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	<title>MOPNG - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</title>
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	<title>MOPNG - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</title>
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		<title>ONGC Supports 42 Startups; Reports 450% Valuation Growth In 5 Years</title>
		<link>https://newsmantra.in/ongc-supports-42-startups-reports-450-valuation-growth-in-5-years/</link>
		
		<dc:creator><![CDATA[Newsmantra]]></dc:creator>
		<pubDate>Tue, 08 Apr 2025 06:21:19 +0000</pubDate>
				<category><![CDATA[PSU Mantra]]></category>
		<category><![CDATA[IndianOil]]></category>
		<category><![CDATA[MOPNG]]></category>
		<category><![CDATA[ONGC]]></category>
		<guid isPermaLink="false">https://newsmantra.in/?p=60220</guid>

					<description><![CDATA[<p>The Ministry of Petroleum and Natural Gas (MoPNG) has reported remarkable success in its startup initiatives, highlighted by ONGC&#8217;s startup fund achieving a 450 percent valuation growth over the past five years. The ministry noted that WellRx, the first oilfield startup recognized under the Startup India Policy, has extended its...</p>
<p>The post <a href="https://newsmantra.in/ongc-supports-42-startups-reports-450-valuation-growth-in-5-years/">ONGC Supports 42 Startups; Reports 450% Valuation Growth In 5 Years</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Ministry of Petroleum and Natural Gas (MoPNG) has reported remarkable success in its startup initiatives, highlighted by ONGC&#8217;s startup fund achieving a 450 percent valuation growth over the past five years. The ministry noted that WellRx, the first oilfield startup recognized under the Startup India Policy, has extended its energy solutions to over 120 countries, showcasing India&#8217;s expanding energy innovation ecosystem. IndianOil&#8217;s IndS_UP initiative has made significant contributions by funding 42 startups that have collectively generated 86 intellectual properties and created 635 jobs.</p>
<p>Meanwhile, Oil India is supporting deeptech ventures such as Caliche Private Limited, which focuses on biochemical sand influx control for oil wells, and Carbonation India Private Limited, which develops sustainable waste management solutions for the oil and gas sector. At the Startup Mahakumbh 2025, held from April 3 to 5 at Bharat Mandapam, New Delhi, the ministry facilitated the participation of 32 PSU-backed startups and emphasized the value added by expert involvement from PSU officials, who provided industry insights on various topics including research monetization, EV innovation, and mobility solutions. The Chairman of ONGC was present at the opening plenary session, while discussions included investment strategies for electrification and pathways to commercialize research innovations in a notable incubation roundtable featuring senior executives from leading oil and gas companies.</p>
<p>The post <a href="https://newsmantra.in/ongc-supports-42-startups-reports-450-valuation-growth-in-5-years/">ONGC Supports 42 Startups; Reports 450% Valuation Growth In 5 Years</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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		<title>MOPNG Curtain Raiser for Bihar</title>
		<link>https://newsmantra.in/mopng-curtain-raiser-for-bihar/</link>
		
		<dc:creator><![CDATA[Newsmantra]]></dc:creator>
		<pubDate>Thu, 14 Nov 2024 13:47:16 +0000</pubDate>
				<category><![CDATA[Government- press- release]]></category>
		<category><![CDATA[Govt. Mantra]]></category>
		<category><![CDATA[MOPNG]]></category>
		<category><![CDATA[MOPNG Curtain Raiser]]></category>
		<guid isPermaLink="false">https://newsmantra.in/?p=49850</guid>

					<description><![CDATA[<p>Bengaluru,13th November 2024: Hon’ble Prime Minister will launch and dedicate to the nation various initiatives of petroleum and natural gas sector worth Rs. 4,027 crore on 13th November. These initiatives will focus on providing cleaner and sustainable fuel and production of material aligning with the government&#8217;s vision of Make in India...</p>
<p>The post <a href="https://newsmantra.in/mopng-curtain-raiser-for-bihar/">MOPNG Curtain Raiser for Bihar</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Bengaluru,13<sup>th</sup> November 2024:</strong> Hon’ble Prime Minister will launch and dedicate to the nation various initiatives of petroleum and natural gas sector worth Rs. 4,027 crore on 13<sup>th</sup> November. These initiatives will focus on providing cleaner and sustainable fuel and production of material aligning with the government&#8217;s vision of Make in India</p>
<p>In aligning with the Govt. Of India’s vision to bring piped natural gas (PNG) to households and provide cleaner energy options for commercial and industrial sectors, Bharat Petroleum Corporation Ltd. is developing City Gas Distribution (CGD) network across five key districts of Bihar namely, Darbhanga, Madhubani, Supaul, Sitamarhi, and Sheohar with substantial investment of Rs. 3,638 crores.</p>
<p>This project is an important step towards fulfilling the commitment of net zero emissions by promoting the use of natural gas. Natural gas is an environment- friendly fuel that also plays an important role in reducing air pollution. It will also support homes, businesses, and industries alike. In addition, the project includes the commissioning of new CNG stations and the construction of a robust carbon steel pipeline network that will transport natural gas from Begusarai to Darbhanga, Madhubani, Sitamarhi, and Sheohar.</p>
<p>&#8220;Make in India&#8221; initiative has been a cornerstone in transforming India into a global manufacturing hub. With a strong focus on enhancing industrial capabilities, fostering innovation, and creating world-class infrastructure, the initiative aims to position India as a key player in the global economy. Bitumen Manufacturing Unit at Barauni Refinery of Indian Oil to be built with a cost of Rs. 389 crores will help in domestically producing bitumen, it will also decreases country&#8217;s reliance on imported bitumen, contributing to India&#8217;s economic self-sufficiency while also contributing to savings in foreign exchange earnings ~ $1.1 million.</p>
<p>With increasing demand for bitumen driven by infrastructure projects like Bharatmala Pariyojana, the project will facilitates timely availability of essential infrastructure materials, supporting the nation&#8217;s infrastructure development agenda.</p>
<p>These projects will accelerate industrial development in these districts, serving as a catalyst for economic growth and opening new doors for prosperity in Bihar.</p>
<p>The post <a href="https://newsmantra.in/mopng-curtain-raiser-for-bihar/">MOPNG Curtain Raiser for Bihar</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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