ONGC Petro additions Limited (OPAL), a subsidiary of oil & natural gas corporation , has received board approval to raise up to ₹4,471 crore through the private placement of Non-Convertible Debentures (NCDs). The decision, taken during the 134th meeting of the Board of Directors on June 11, 2026, authorizes the issuance of secured or unsecured, redeemable NCDs in one or more tranches to meet the company's funding requirements.

Fundraising Details

The approval grants OPAL the authorisation to mobilise funds via the private placement route, subject to the approval of shareholders and other applicable statutory and regulatory approvals. The following table outlines the key parameters of this fundraising initiative:

About OPAL

ONGC Petro additions Limited (OPAL) is a debt-listed subsidiary of Oil and Natural Gas Corporation, one of India's leading energy companies. OPAL operates in the petrochemicals segment and has been a key part of ONGC's downstream diversification strategy. The clearance to raise funds through NCDs via private placement provides OPAL with a structured avenue to address its capital needs.

oil & natural gas corporation witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 2,931,599 shares transacted at a price of ₹244.85 per share. The total value of the block trade stood at ₹71.78 crores, signalling significant large-ticket activity in the stock.

Block Trade Details

The following table summarises the key parameters of the NSE block trade recorded for Oil & Natural Gas Corporation:

Block trades of this scale typically involve institutional investors, large funds, or other significant market participants executing bulk transactions outside the regular order book. The trade in Oil & Natural Gas Corporation reflects considerable interest at the ₹244.85 price level, with the transaction encompassing close to 29.31 lakh shares in a single block deal on the NSE.