💻 Technology May 11, 2026 · Lokesh Choudhary

ONGC Mulls New ₹200 Cr Fund To Back Energy & AI Startups

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ONGC Mulls New ₹200 Cr Fund To Back Energy & AI Startups
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State-run oil and gas company Oil and Natural Gas Corporation (ONGC) is planning to launch a new 200 Cr ($20 Mn) fund to back startups operating in energy and artificial intelligence/ machine learning (AI/ML) sectors.
“ONGC shall be launching another AIF of ₹200 Cr to nurture and incubate new ideas related to (the) energy sector and AI/ML,” said the company.
As part of this, the ONGC has sought applications for appointing two advisors to formalise the operations of the new startup fund. Accordin

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