ONGC hits 52-week high on commencing production of Coal Bed Methane block

The uptick in stock price came after the company announced that it has commenced production from Coal Bed Methane Block (CBM) in Bokaro, Jharkhand.

With the dual purpose of enhancing power transmission infrastructure in states and boosting renewable energy (RE) connectivity across all regions, the ministry of power is planning to push states to connect upcoming RE projects to state grids and not the national grid.<\/div><\/p>**media[222]**

Senior government officials indicated that the current Inter-State Transmission System (ISTS) waiver given to renewable energy projects when they connect to the national grid may be \u201crelooked\u201d at in the next financial year.<\/div><\/p>