ONGC Joins MC²+ Ecosystem; Tripartite MoU Signed with IIT Bombay & SINE

Mumbai, 8 September 2026: Oil and Natural Gas Corporation Limited (ONGC) participated in the MCSquarePlus Ignite Mumbai City Connect held at IIT Bombay.

The event brought together industry leaders, academia and innovators to strengthen India’s deep-tech and energy innovation ecosystem.

Key Participants

• Prof. Aniruddha B. Pandit, Vice Chancellor, Institute of Chemical Technology, Mumbai

• Shri Arun Kumar Singh, Chairman, ONGC

• Prof. Shireesh Kedare, Director, IIT Bombay

• Shri O.P. Sinha, Director (Exploration), ONGC

• Shri Bhaskar Chowdary Nettem, Designated OSD (Production), ONGC

• Shri Ratnesh Kumar, ED – Chief Corporate Strategy, ONGC

• Representatives from MC²+, SINE and CoEOGE

Tripartite MoU

A key milestone of the event was the signing of a tripartite MoU between:

• MC²+ Foundation

• IIT Bombay

• Society for Innovation and Entrepreneurship (SINE), IIT Bombay

ONGC’s Role

As a partner PSU in the MC²+ ecosystem, ONGC will collaborate across AI-driven Subsurface Intelligence and six other energy innovation themes. The partnership aims to help startups access R&D facilities, mentorship, funding, market opportunities and pilot projects.

ONGC said the initiative will bring industry challenges and Indian ingenuity together to help technologies move from research to deployment and scale.