Petronet LNG Incorporates ‘MC2 Foundation’ to Boost Energy Start-ups and Innovation
New Delhi, April 2026: Petronet LNG Limited has announced the incorporation of a wholly owned subsidiary, MC2 Foundation, as a Section 8 company aimed at accelerating innovation and entrepreneurship in India’s energy sector.
The company informed stock exchanges that the foundation was incorporated on April 3, 2026, and the Certificate of Incorporation was received from the Ministry of Corporate Affairs on April 17, 2026.
Focus on Innovation and Energy Transition
MC2 Foundation has been established as a dedicated institutional platform to foster innovation across the energy ecosystem. The initiative aligns with India’s national development priorities and long-term energy transition goals.
According to the company, the foundation will focus on:
- Incubating and mentoring start-ups in the energy sector
- Promoting research translation and commercialization
- Building innovation infrastructure and shared facilities
- Mobilising capital and financial participation for start-ups
- Strengthening industry-led mentorship and ecosystem integration
The initiative is expected to support the growth of sustainable entrepreneurship and help bridge the gap between research, industry, and investment.
Board of Directors
The first directors of MC2 Foundation include senior leaders from India’s oil and gas sector:
- Dr. Neeraj Mittal – Chairman, Petronet LNG
- Akshay Kumar Singh – Managing Director & CEO, Petronet LNG
- Sanjay Khanna – CMD, Bharat Petroleum Corporation Limited
- Vikas Kaushal – CMD, Hindustan Petroleum Corporation Limited
Strategic Significance
The creation of MC2 Foundation reflects Petronet LNG’s broader commitment to innovation-led growth and sustainability. By creating a structured platform for start-ups and emerging technologies, the company aims to play a key role in shaping the future of India’s energy landscape.