Oil & Natural Gas Corporation Limited (ONGC), India's leading oil and gas exploration and production company, has announced the re-appointment of Shri Praveen Mal Khanooja as Government Nominee Director for a three-year term. The decision was approved by ONGC's Board of Directors during a meeting held on September 18, 2025.

Re-appointment Details

Khanooja, who currently serves as Additional Secretary in the Ministry of Petroleum and Natural Gas (MoP&NG), will continue his role as Government Nominee Director for ONGC. His new term is set to begin on September 22, 2025, and will last for three years on a co-terminus basis or until further orders, whichever comes earlier.

About Praveen Mal Khanooja

Shri Praveen Mal Khanooja brings a wealth of experience and expertise to his role at ONGC:

• Educational Background: Holds a B.Tech in Chemical Engineering and an M.Tech in Management & Systems.
• Service Cadre: Belongs to the 1994 batch of Indian Audit & Accounts Service (IA&AS).
• Professional Experience:
  • Worked in various capacities in Defence Audit, Railways Audit, and State Government Accounts & Audit.
  • Conducted Compliance and Performance Audits for international organizations such as FAO, WIPO, WTO, GFMD, and UNITAID.
  • Served as a mentor on IT Audit for SAI officers in Asian countries.
  • Represented the CAG of India/Government of India at various international conferences and bilateral meetings.
  • Previously held positions including Director (Finance) for the Department of Revenue and Central Board of Excise & Customs, Expert in the State Audit Institution of Sultanate of Oman, Additional DG in the Central Economic Intelligence Bureau, and DG of Petroleum Planning & Analysis Cell.

Board Meeting Details

The ONGC Board meeting where this decision was made took place on September 18, 2025. The meeting commenced at 15:15 hours and concluded at 18:40 hours. The re-appointment was made in accordance with the letter no. CA-31032/1/2021-CA-PNG: 37493 issued by the Ministry of Petroleum and Natural Gas, Government of India.

ONGC has confirmed that Shri Khanooja is not debarred from holding office by virtue of any SEBI Order or any other authority. The company also stated that there are no relationships between directors that require disclosure.

This re-appointment underscores the continuity in ONGC's governance structure and the ongoing collaboration between the corporation and the Ministry of Petroleum and Natural Gas in steering India's oil and gas sector.

Oil & Natural Gas Corporation Ltd. (ONGC), India's state-owned oil and gas exploration company, witnessed a significant block trade on the National Stock Exchange (NSE) today. The transaction involved approximately 4,777,287 shares of the company, valued at Rs. 110.90 crores.

Block Deal Details

The block trade was executed at a price of Rs. 232.15 per share, indicating substantial interest in the oil major's stock. This large-scale transaction highlights the continued investor attention on ONGC, a key player in India's energy sector.

Transaction Summary

Market Impact

Block deals of this magnitude often attract market attention as they can potentially influence stock prices and trading volumes. While the immediate impact on ONGC's stock price was not specified in the available data, such transactions are closely watched by market participants for insights into institutional investor sentiment.

About ONGC

Oil & Natural Gas Corporation Ltd. is India's largest crude oil and natural gas company, contributing significantly to the country's domestic production. As a public sector undertaking under the Ministry of Petroleum and Natural Gas, ONGC plays a crucial role in India's energy security and exploration efforts.

The block deal comes at a time when global energy markets continue to face volatility, making ONGC's performance and stock movements of particular interest to investors and industry observers alike.

Investors and analysts will likely be monitoring ONGC's future performance and any potential shifts in ownership structure that this block deal might signify. As always, market participants are advised to conduct their own research and consider their investment objectives before making any financial decisions.