Moneycontrol PRO
HomeNewsBusinessONGC to invest Rs 8,110 cr to develop 172 onshore wells in Andhra, gets ‘green nod’ from EAC

ONGC to invest Rs 8,110 cr to develop 172 onshore wells in Andhra, gets ‘green nod’ from EAC

A committee under the Ministry of Environment, Forest and Climate Change has recommended Environmental Clearance for the project in a meeting held last month.

October 06, 2025 / 11:12 IST
All the recommendations made in the EIA/EMP in respect of environmental management and risk mitigation measures relating to the project shall be implemented.

Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8,110 crore for onshore development and production of oil and gas from 172 wells in eight PML (production mining license) blocks in Andhra Pradesh.

A committee under the Ministry of Environment, Forest and Climate Change has recommended Environmental Clearance for the project in a meeting held last month.

“The estimated project cost is Rs 8,110 crore. Capital cost of EMP (Environment Management Plan) would be Rs. 172 crore and recurring cost for EMP would be Rs. 91.16 Crores per annum. Industry proposes to allocate Rs. 11 crores for commitments made in Public Hearing,” the Expert Appraisal Committee said in the minutes of the meeting.

While recommending the EC, the committee directed the ONGC to comply with all the environmental protection measures and safeguards proposed in the documents submitted to the Ministry.

All the recommendations made in the EIA/EMP in respect of environmental management and risk mitigation measures relating to the project shall be implemented.

It further said, as committed, no well would be set up within 10 km from the eco-sensitive area of Coringa Wildlife sanctuary as per the NOC issued in May this year, and no pipelines or their parts shall be laid in the Forest land/Protected Area without prior permission/approval from the Competent Authority.

PTI
first published: Oct 6, 2025 11:12 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347