32 PSU-Backed Startups Highlight Innovation in Energy Sector

The Ministry of Petroleum and Natural Gas (MoPNG) highlighted 32 oil & gas PSU-backed startups (from entities like ONGC and Indian Oil Corporation, both Maharatna PSUs) participating in extended outreach. These ventures focus on energy transition tech, with new funding rounds speculated for Q1 2026. Gujarat Industries Power Company (a state PSU arm) commissioned its final 135 MW solar phase, marking a new business vertical in renewables.