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27May 26

ONGC Plans To Drill 15-16 Wells In Next Two Years, Anticipates Major Government Spending On Exploration And Production From FY28

ONGC plans to drill 15-16 wells over the next two years as part of its upstream expansion drive. The company also anticipates major government spending on exploration and production beginning from FY28. These initiatives reflect a strategic focus on boosting domestic hydrocarbon output and strengthening India's energy security.

21May 26

Oil & Natural Gas Corporation Records Rs. 30.25 Crores Block Trade on NSE at Rs. 296.90 Per Share

Oil & Natural Gas Corporation recorded a block trade on the NSE worth Rs. 30.25 crores, involving approximately 1,018,853 shares at a price of Rs. 296.90 per share. Such large-scale block transactions are typically associated with institutional participation and are structured to limit broader market disruption.

13May 26

Oil & Natural Gas Corporation Records ₹63.79 Crore Block Trade on NSE at ₹298.15 Per Share

Oil & Natural Gas Corporation recorded a block trade on the NSE involving approximately 2,139,565 shares at ₹298.15 per share. The total value of the transaction stood at ₹63.79 crores. Such block deals are generally associated with institutional-level buying or selling activity and are executed to limit price disruption in the broader market.

13May 26

Oil & Natural Gas Corporation Records Rs. 25.80 Crore Block Trade on NSE at Rs. 299.15 Per Share

Oil & Natural Gas Corporation recorded a block trade on the NSE involving approximately 862,431 shares at Rs. 299.15 per share. The total transaction value amounted to Rs. 25.80 crores. Block trades of this nature are typically associated with institutional-level activity and are closely monitored by market participants.

13May 26

Jefferies Maintains Buy on ONGC with ₹360 Target Price on Crude Royalty Rate Reduction

Jefferies has maintained a Buy rating on Oil and Natural Gas Corporation with a target price of ₹360, following the government's reduction of crude royalty rates from 20% to 12.5%. Higher cost offsets for royalty calculations are also expected to reduce ONGC's royalty burden, while gas royalties remain unchanged. The brokerage has consequently upgraded its FY27 and FY28 EPS estimates for ONGC by 4% and 8% respectively.

02May 26

ONGC CFO Vivek Tongaonkar Retires on May 1, 2026 Due to Superannuation

Oil & Natural Gas Corporation Limited officially disclosed the superannuation of Director (Finance) and CFO Shri Vivek Chandrakant Tongaonkar effective May 1, 2026. The regulatory filing, submitted under SEBI (LODR) Regulations 2015, confirmed his cessation from both positions upon attaining retirement age, with proper documentation filed to NSE and BSE exchanges.

02May 26

ONGC Announces Senior Management Changes Due to Executive Directors' Superannuation

Oil & Natural Gas Corporation Limited has formally notified stock exchanges about the superannuation of two Executive Directors, Rajan Asthana and Shibu Augustine Manuel, effective from 01.05.2026. The disclosure was made through official communication ONGC/CS/SE/2025-26 in compliance with SEBI (LODR) Regulations, 2015, demonstrating the company's adherence to corporate governance standards.

01May 26

ONGC Announces Passing of Executive Director Debasish Mukherjee

ONGC has officially disclosed the passing of Shri Debasish Mukherjee, Executive Director (EO to Director HR), on 30.04.2026 through regulatory filings to NSE and BSE. The announcement was made pursuant to SEBI (LODR) Regulations, 2015, regarding changes in senior management positions one level below the Board of Directors.

01May 26

ONGC Assigns Additional Charge of Director (Finance) to Shri Manish Patil

Oil & Natural Gas Corporation has appointed Shri Manish Patil, currently Director (Human Resource), to the additional charge of Director (Finance) effective from May 1, 2026. The three-month appointment was directed by the Ministry of Petroleum and Natural Gas and disclosed to stock exchanges in compliance with SEBI regulations.

25Apr 26

ONGC Appoints Yogish Nayak S. as Chief Financial Officer, Approves ₹25 Crore Petrochemicals JVC Investment

Oil & Natural Gas Corporation announced the appointment of Shri Yogish Nayak S. as Chief Financial Officer effective May 1, 2026, leveraging his 30+ years of experience in oil industry corporate finance. The board simultaneously approved strategic investments including ₹25 crore for an integrated petrochemicals marketing joint venture with subsidiaries MRPL and OPaL, and up to ₹264.93 crore financial commitment for the Duliajan Feeder Line Project under the North East Gas Grid initiative.

25Apr 26

ONGC Receives Stop Production Order from Andhra Pradesh Pollution Control Board for Environmental Violations at Mori#05 Well

Oil and Natural Gas Corporation Limited received a stop production order from the Andhra Pradesh Pollution Control Board on 24.04.2026 for environmental violations at Mori#05 Well. The order follows a well blowout and fire incident on 05.01.2026 at the Mori field, which was under a Production Enhancement Contract with M/s Deep Exploration Services Private Limited. The violations include operating without proper consent and causing air pollution. The company states the impact is not significant as the well has been non-productive since April 2009 and intends to review the order before responding.

22Apr 26

ONGC Executes Rs. 25.83 Crore Block Trade on NSE at Rs. 283.30 Per Share

Oil & Natural Gas Corporation Ltd. completed a major block trade on NSE worth Rs. 25.83 crores involving approximately 911,744 shares at Rs. 283.30 per share. The transaction demonstrates continued institutional interest in the oil and gas major.

17Apr 26

ONGC Executes Rs. 20.93 Crore Block Trade on NSE at Rs. 283.15 Per Share

Oil & Natural Gas Corporation completed a significant block trade transaction on the National Stock Exchange worth Rs. 20.93 crores. The transaction involved 739,047 shares executed at Rs. 283.15 per share, demonstrating continued institutional investor interest and market liquidity in the state-owned energy company's shares.

04Apr 26

ONGC Controls Fire at Mumbai High SHP Platform, Operations Normalized

Oil & Natural Gas Corporation effectively managed and extinguished a fire incident at its SHP Platform in Mumbai High Asset, with ten personnel receiving medical care for minor injuries. The company's emergency response teams successfully restored normal operations while prioritizing workforce safety.

02Apr 26

ONGC Submits SEBI Compliance Certificate for Q4FY26 Quarter

Oil and Natural Gas Corporation Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on 02nd April, 2026. The certificate, issued by registrar Alankit Assignments Limited, confirms compliance with dematerialization requirements for physical share certificates during the quarter ended 31st March, 2026. This regulatory filing demonstrates ONGC's adherence to SEBI's depository regulations and maintains transparency in share transfer processes.

02Apr 26

ONGC Receives ESG Rating of 49 from ESGRisk.ai Under SEBI Disclosure Requirements

ONGC received an ESG rating of 49 ('Adequate') from SEBI-registered ESGRisk.ai, with scores of 45.47 for Environment, 67.01 for Social, and 36.02 for Governance. The company clarified it did not engage the rating agency, and material events resulted in a 12.88 point deduction from the overall score.

30Mar 26

ONGC: Starts Gas Monetisation From $1 Billion DUDP Offshore Project In The Western Offshore

Oil & Natural Gas Corporation achieved a significant operational milestone with the successful commencement of gas production from its USD 1 billion Daman Upside Development Project (DUDP) on March 29, 2026. Platform B-12-24P, located in western offshore waters 180 km northwest of Mumbai, began flowing gas to the Hazira Plant, representing the first monetisation milestone for this major offshore development completed in less than two years.

28Mar 26

ONGC Announces Completion of Tenure for Three Independent Directors

Oil and Natural Gas Corporation Limited announced the completion of tenure for three Independent Directors - Shri Bhagchand Agarwal, Ms. Reena Jaitly, and Shri Manish Pareek - effective March 28, 2026. The disclosure was made to stock exchanges pursuant to SEBI Regulation 30, ensuring compliance with listing obligations and maintaining transparency in corporate governance matters.

27Mar 26

ONGC Executes Rs. 28.57 Crore Block Trade on NSE at Rs. 276.80 Per Share

Oil & Natural Gas Corporation Ltd. completed a significant block trade on NSE worth Rs. 28.57 crores involving approximately 1,032,189 shares at Rs. 276.80 per share. This institutional transaction reflects continued investor interest in the state-owned energy major.

25Mar 26

ONGC Plans Up To $20 Billion Deepwater Investment To Strengthen Energy Security

Oil & Natural Gas Corporation has announced plans for a deepwater investment program worth up to $20 billion to strengthen India's energy security. This substantial capital allocation represents a major commitment to expanding offshore exploration and production capabilities. The investment underscores ONGC's strategic focus on deepwater projects as a key component of India's long-term energy independence goals.

24Mar 26

ONGC Receives Contrasting Analyst Ratings as Goldman Sachs Cuts to Sell, CLSA Maintains Outperform

ONGC has received contrasting analyst recommendations with Goldman Sachs downgrading to Sell at Rs 245 target due to rising crude prices hurting margins and sector pressures, while CLSA maintains High Conviction Outperform with Rs 415 target citing 65% upside potential. CLSA expects catalysts from 15% gas production rise, over 50% gas price jump, and significant EPS upgrades for FY27 and FY28 based on higher Brent assumptions and favorable regulatory changes.

24Mar 26

ONGC Videsh CEO Emphasizes Fossil Fuel Relevance and Exploration Strategy at CERAWeek

ONGC Videsh's CEO addressed the CERAWeek energy conference, stating that fossil fuels will remain relevant for decades in the global energy mix. The executive outlined the company's strategic focus on exploring underexplored areas to identify new energy resources and expansion opportunities.

23Mar 26

Morgan Stanley Upgrades ONGC to Overweight, Raises Target Price to ₹363 on LNG Market Disruptions

Morgan Stanley has upgraded ONGC to overweight rating and raised target price to ₹363 from ₹299, driven by Qatar LNG disruptions tightening global energy markets. The shift from oversupply to balanced markets is expected to boost oil and coal demand, benefiting upstream players like ONGC while supporting higher oil prices and improved free cash flow yields.

19Mar 26

ONGC Credit Rating Update: ICRA Withdraws Ratings on ₹1,360 Crore NCDs, Reaffirms ₹8,500 Crore Programme

ICRA Limited has withdrawn credit ratings on ONGC's Non-Convertible Debentures worth ₹1,360 crore as no amounts remain outstanding, while reaffirming the [ICRA] AAA (Stable) rating on ₹8,500 crore NCD programme. The total rated amount decreased from ₹34,860 crore to ₹8,500 crore. The rating actions reflect ONGC's strong financial position, with the company maintaining its dominant 63% share in India's domestic oil and gas production and proven reserves of 526 MMTOE as of March 31, 2025.

16Mar 26

HSBC Maintains Reduce Rating on Oil and Natural Gas Corporation Despite Target Price Increase to ₹240

HSBC has maintained its Reduce rating on Oil and Natural Gas Corporation while raising the target price to ₹240 from ₹200. The brokerage notes that higher crude oil prices around $75 per barrel benefit the company's earnings, though policy risks may limit supernormal profits. In contrast, HSBC downgraded Oil Marketing Companies to Hold, citing marketing losses and sharp earnings cuts due to elevated crude prices.

10Mar 26

ONGC Appoints Vinod Seshan as Government Nominee Director for Three Years

Oil and Natural Gas Corporation Limited has appointed Shri Vinod Seshan as Government Nominee Director for a three-year term effective March 09, 2026. Seshan, Joint Secretary at the Ministry of Petroleum and Natural Gas, brings over 20 years of experience in policy making, infrastructure project management, and corporate governance, including previous board positions at OIL India and HPCL. The appointment follows proper SEBI regulatory procedures and government directives.

06Mar 26

ONGC Receives Equity Shares from Joint Venture Companies in Gift City

Oil and Natural Gas Corporation Limited received 70,30,676 equity shares of ₹100 each from both Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited on rights basis. These joint venture companies are registered in Gift City, Gandhinagar, and operate as 50% partnerships with Mitsui O.S.K. Lines Ltd., Japan. ONGC's shareholding remains at 50% in both entities following the share allotment.

05Mar 26

ONGC Executes ₹22.18 Crore Block Trade on NSE at ₹285.35 Per Share

Oil & Natural Gas Corporation completed a block trade on NSE worth ₹22.18 crores, involving 777,381 shares at ₹285.35 per share. This significant institutional transaction highlights continued market interest in India's largest oil and gas exploration company.

04Mar 26

ONGC Responds to BSE Volume Movement Inquiry, Cites Market Forces and Geopolitical Tensions

Oil & Natural Gas Corporation Limited clarified to BSE that recent share volume movements are market-driven, attributing fluctuations to geopolitical tensions affecting oil and gas prices over the past 5-6 months. The company confirmed compliance with SEBI disclosure regulations and stated no pending announcements would impact volume behavior. Company Secretary Shashi Bhushan Singh issued the response on March 4, 2026, emphasizing that all necessary regulatory disclosures have been made.

03Mar 26

ONGC Appoints Vikram Saxena as Additional Director for Strategy & Corporate Affairs

Oil and Natural Gas Corporation Limited has appointed Shri Vikram Saxena as additional Director (Strategy & Corporate Affairs) for three months starting March 1, 2026. Saxena, currently Director (Technology & Field Services), will hold the additional charge until a regular incumbent is appointed or further ministry orders. The appointment follows Ministry of Petroleum and Natural Gas directive dated March 3, 2026, and was disclosed under SEBI regulatory compliance requirements.

01Mar 26

ONGC Announces Superannuation of Executive Director Sanjay Kumar Mazumder

Oil and Natural Gas Corporation Limited has disclosed the superannuation of Executive Director Sanjay Kumar Mazumder effective March 1, 2026. The announcement was made in compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 30 read with Schedule III, which requires disclosure of senior management changes one level below the Board. The regulatory filing was submitted to both NSE and BSE, signed by Company Secretary Shashi Bhushan Singh.

01Mar 26

ONGC Announces Superannuation of Director (Strategy & Corporate Affairs) Shri Arunangshu Sarkar

Oil and Natural Gas Corporation Limited has announced the superannuation of Director (Strategy & Corporate Affairs) Shri Arunangshu Sarkar (DIN: 10777112) effective 01.03.2026. The retirement occurred upon him attaining the age of superannuation, representing a planned leadership transition. The disclosure was made to NSE and BSE in compliance with SEBI (LODR) Regulations 2015, ensuring transparency in corporate governance and keeping stakeholders informed about the senior management change.

11Feb 26

ONGC Schedules Conference Call on February 13, 2026 to Discuss Q3 FY26 Earnings

Oil and Natural Gas Corporation Limited has announced a conference call scheduled for February 13, 2026 at 11:00 AM IST to discuss Q3 FY26 earnings with analysts and investors. The call will be led by Director (Finance) Mr. Vivek C Tongaonkar and his team, with comprehensive access arrangements including domestic and international dial-in numbers, and online registration facilities for global participants.

05Feb 26

ONGC Sets February 18, 2026 as Record Date for Second Interim Dividend FY26

Oil & Natural Gas Corporation Limited has scheduled its board meeting for February 12, 2026 to consider Q3FY26 unaudited financial results and second interim dividend recommendation. The company has now fixed February 18, 2026 as the record date for determining shareholder eligibility for the potential dividend payment, with proper regulatory compliance under SEBI regulations.

01Feb 26

ONGC Announces Superannuation of Executive Director Ajay Dixit Effective February 1, 2026

Oil and Natural Gas Corporation Limited announced the superannuation of Executive Director Ajay Dixit effective February 1, 2026, representing a change in senior management one level below the Board. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, and communicated to both NSE and BSE through the company's official channels.

29Jan 26

ONGC Clarifies No Active Negotiations with ExxonMobil for Partnership

ONGC has clarified to stock exchanges that it is not in definitive negotiations with ExxonMobil for any partnership arrangements, responding to media reports suggesting joint bidding opportunities. The company's shares gained 2.46% on January 29, 2026, alongside broader E&P sector gains driven by rising Brent crude prices. ONGC attributed the sector rally to positive crude oil price trends rather than any specific corporate developments.

28Jan 26

ONGC Partners With Reliance to Share Deepwater Resources Off India's East Coast

Oil & Natural Gas Corporation has formed a strategic partnership with Reliance Industries to share deepwater resources off India's east coast. The collaboration aims to reduce operational costs, accelerate project timelines, and enhance asset utilization through shared infrastructure and expertise. This partnership represents a significant development in India's offshore energy sector, enabling both companies to pursue larger-scale deepwater initiatives more efficiently.

28Jan 26

India In Talks With Venezuela And US To Resolve ONGC Videsh's Stuck Dividends

India is conducting diplomatic talks with Venezuela and the US to resolve ONGC Videsh's stuck dividends. The negotiations aim to address financial complications preventing the repatriation of funds belonging to ONGC's overseas investment arm. The resolution would enable access to currently inaccessible funds and highlights the complex intersection of energy investments with international relations.

22Jan 26

ONGC Invests ₹40.00 Crores in Joint Ventures with Japan's Mitsui for Ethane Transportation

Oil & Natural Gas Corporation has invested ₹40.00 crores to acquire 50% stakes in two joint venture companies with Japan's Mitsui O.S.K. Lines Ltd. The investment covers Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, both registered in Gift City, Gandhinagar. Each joint venture will own one Very Large Ethane Carrier to transport ethane from the United States for ONGC's subsidiary OPaL, with operations commencing after regulatory approvals from DIPAM.

19Jan 26

ONGC Announces Appointment of Four Executive Directors in Senior Management Restructuring

ONGC has appointed four new Executive Directors effective January 19, 2026, under SEBI Regulation 30 disclosure requirements. The appointees - Balraj Kumar Kotta, Pawan Kumar Jalutharia, Hemant Ramlu Mulka, and Vivek Singh Chand - bring 35-36 years of experience each across electronics, mechanical, chemical, and electrical engineering disciplines, having served at multiple ONGC locations nationwide.

14Jan 26

ONGC, Oil India Shares Rally as Crude Prices Hit 12-Week Highs on Iran Concerns

ONGC and Oil India shares are extending their three-day winning streak as global crude oil prices hit 12-week highs near $66 per barrel, driven by Iran-related geopolitical concerns. Oil India has gained 9.3% while ONGC advanced 5.2% during this period. Both stocks saw exceptional trading volumes on Tuesday, with ONGC recording 2.25 crore shares traded and Oil India over 1.2 crore shares. Every $1 increase in crude prices could boost their combined revenues by ₹300-400 crores, though both stocks remain down over the past 12 months.

12Jan 26

ONGC Successfully Completes Well Control Operation at Mori-5 in Record Five Days

Oil and Natural Gas Corporation (ONGC) has successfully established well control at Well Mori-5, completing the capping operation in a record time of five days. This operational achievement demonstrates the company's technical expertise and efficiency in managing critical well operations, highlighting ONGC's commitment to operational excellence and safety standards in its exploration activities.

10Jan 26

ONGC Successfully Completes Well Control Operations at Mori-5 Facility in Five Days

Oil & Natural Gas Corporation successfully completed well control operations at its Mori-5 facility within five days, showcasing the company's technical capabilities and efficient operational response. This achievement reflects ONGC's expertise in upstream oil and gas operations and commitment to maintaining operational excellence.

10Jan 26

ONGC Successfully Establishes Well Control at Mori-5 Well in Record Five Days

ONGC successfully established well control at Well Mori-5 in a record time of five days following a blowout incident on January 5, 2026. The company activated its Crisis Management framework and deployed specialized resources for rapid containment. ONGC acknowledged support from government officials and local administration, reaffirming its commitment to safety and operational excellence.

10Jan 26

ONGC Gas Well Fire In Andhra Pradesh Extinguished After Five-Day Battle

ONGC's Mori-5 gas well fire in Andhra Pradesh's Konaseema district was successfully extinguished after five days of emergency operations. The incident began January 5 with a gas blowout creating 20-metre high flames near Mori and Irusumanda villages. ONGC's Crisis Management Team took direct control from contractor Deep Industries Ltd and successfully contained the blowout with no casualties reported. Capping and mudding operations are now underway to secure the well.

10Jan 26

ONGC Successfully Extinguishes Gas Well Fire After Five-Day Emergency Response

ONGC successfully extinguished a major gas well fire at its Mori-5 facility in Andhra Pradesh after a five-day emergency response operation. The fire, which began on January 5 due to a gas blowout, created flames reaching 20 metres high and 25 metres wide near Mori and Irusumanda villages. Despite the incident's severity, no casualties were reported, and ONGC's Crisis Management Team has now moved to well capping and mudding operations.

09Jan 26

ONGC Initiates Operations to Control and Seal Mori 5 Well

Oil & Natural Gas Corporation has begun operations to control and seal its Mori 5 well facility. The state-owned energy company is implementing technical measures and standard industry procedures for well management. These control and sealing operations represent routine well integrity and safety protocols in oil and gas exploration activities.

09Jan 26

ONGC Advances Well Mori#5 Blowout Control Operations with Debris Clearing Progress

ONGC has made significant progress in controlling Well Mori#5 blowout by clearing majority of debris and gaining wellhead access. The Crisis Management Team removed key structural obstructions and mobilized essential equipment for capping operations. Continuous water blanket ensures safe operations while residents have resumed normal activities due to stabilized conditions.

09Jan 26

Three Indian Oil Stocks Positioned to Benefit from Potential US-Venezuela Oil Sector Restructuring

Three major Indian oil companies are positioned to benefit from potential US-Venezuela oil sector restructuring. ONGC could recover $536.00 million in unpaid dividends from its Venezuelan oilfield stake, while reporting Q2 FY26 net profit growth of 24.58% to ₹12,275.00 crore. Reliance Industries, with Q2 FY26 revenues of ₹258,898.00 crore, could access discounted Venezuelan crude for its optimized Jamnagar refinery. Indian Oil Corporation, showing strong recovery with Q2 FY26 revenues of ₹206,447.00 crore, has the refining complexity to process Venezuelan crude grades efficiently, potentially improving margins through diversified imports.

08Jan 26

ONGC Receives ₹26.76 Crore Tax Demand Order from CGST Commissioner Surat

Oil & Natural Gas Corporation received a tax demand order on January 7, 2026, from CGST Commissioner Surat for ₹26.76 crores in Special Additional Excise Duty plus equal penalty amount related to partner Invenire Petrodyne Ltd's 10% stake in joint venture block CB-OS-02. ONGC contests liability as non-operator partner and will appeal the order, expecting no significant financial impact.

07Jan 26

ONGC Reports Progress in Andhra Pradesh Mori-5 Well Blowout Control Operations

Oil & Natural Gas Corporation has made substantial progress in controlling the blowout at Mori-5 well in Andhra Pradesh, with fire intensity, noise levels, and ambient heat significantly reduced. The company has completed approach road construction and established water blanket systems to facilitate debris clearance and prepare for wellhead capping operations, while district administration has advised local residents to resume normal activities citing steady progress and low escalation risk.

06Jan 26

ONGC Controls Andhra Pradesh Gas Leak at Mori-5 Well, Flame Intensity Reduces

ONGC's crisis management team has assumed operational control of the Mori-5 well gas leak incident in Andhra Pradesh that occurred during workover operations on January 5. The company has successfully implemented blowout control measures, deployed fire pumps, and achieved gradual reduction in flame intensity while maintaining comprehensive environmental monitoring within a 600-metre radius.

05Jan 26

ONGC Forms 50:50 Joint Ventures With Japan's MOL in GIFT City for Ethane Transport

Oil & Natural Gas Corporation has signed agreements with Japan's Mitsui OSK Lines to establish two equal joint ventures in GIFT City for ethane shipping operations. The partnership involves building two Very Large Ethane Carriers at Korean shipyards for $370 million, with operations starting mid-2028 to transport ethane from the US to ONGC's OPaL facility in Dahej.

05Jan 26

ONGC Q2 Profit Up 18% to ₹9,848 Cr; Forms Ethane Shipping JV with MOL Japan

ONGC demonstrated strong financial performance with 18% profit growth in Q2 FY24 and expanded strategically through joint ventures with Japan's MOL for ethane transportation, marking significant business diversification into maritime logistics while maintaining focus on energy security and operational excellence.

05Jan 26

ONGC Contains Gas Leak at Andhra Pradesh Facility, Shares Drop 1.41%

Oil & Natural Gas Corporation successfully contained a gas leak incident at Well Mori#5 during workover operations at its Mori Field facility in Andhra Pradesh. The company deployed crisis management teams, mobilised additional equipment from nearby locations, and coordinated with international specialists while maintaining safety protocols. ONGC shares declined 1.41% to ₹238.05 following the incident.

05Jan 26

ONGC Shares Ease After Hitting One-Month High On Venezuela Oil Developments

ONGC shares experienced volatile trading, hitting one-month highs before declining over 1% following reports of increased US involvement in Venezuela's oil sector after detention of President Maduro. The company stands to recover approximately $500 million in unpaid dividends from its Venezuelan assets, particularly the San Cristobal field, as US-led restructuring could ease sanctions that have blocked profit repatriation for years.

30Dec 25

Natural Gas Consumption Drops 4.5% in 7M FY26

ONGC reported a 4.5% YoY decrease in natural gas consumption for the first seven months of FY26, primarily due to reduced demand from fertiliser, power, and refinery sectors. The City Gas Distribution segment showed growth, partially offsetting the decline. Overall gas consumption is expected to remain flat or grow at low single digits in FY26. Global LNG prices have eased, and domestic gas prices are projected to soften. Despite high capex intensity, the sector's financial metrics are expected to remain strong, with industry debt projected to reach ₹300 billion by March 31, 2026, while maintaining healthy leverage indicators.

18Dec 25

ONGC Issues Public Notice Against Fraudulent Entity 'ONGC INDIA'

Oil & Natural Gas Corporation (ONGC) has issued a public notice warning stakeholders about a fraudulent entity operating as 'ONGC INDIA'. This entity falsely claims association with ONGC, potentially misleading stakeholders for wrongful gains. ONGC emphasizes that 'ONGC INDIA' has no legitimate connection to the company or its subsidiaries. Stakeholders are advised to exercise caution, verify claims independently, and cease any dealings with the fraudulent entity. ONGC reserves the right to initiate legal proceedings against those involved in impersonation and fraud.

13Dec 25

ONGC Receives ESG Rating of 62 and Climate Change Score from Rating Agencies

ONGC received an overall ESG rating of 62 from NSE Sustainability Ratings, categorized as 'Adequate'. The company scored 51 in Environment (below industry average), 73 in Social (above industry average), and 63 in Governance (adequate). CDP awarded ONGC a B score for climate change performance. The company also received a Core ESG Rating of 58. Environmental challenges include high GHG emissions and energy intensity, while social and governance aspects showed strengths in employee welfare and board composition.

11Dec 25

ONGC Records ₹68.58 Crore Block Trade on NSE at ₹240.10 Per Share

Oil & Natural Gas Corporation Limited executed a major block trade on NSE worth ₹68.58 crores, involving 2,856,262 shares at ₹240.10 per share. This institutional transaction reflects significant market activity in the energy sector stock.

05Dec 25

ONGC Board Extends Chairman Arun Kumar Singh's Tenure for One Year

ONGC's Board of Directors has approved the re-employment of Arun Kumar Singh as Chairman on a contract basis for one year, effective December 7, 2025. Singh, who has been serving as Chairman and CEO since December 7, 2022, will continue in his role until a regular incumbent assumes charge or further orders are issued. With nearly four decades of experience in the oil and gas industry, Singh also chairs several ONGC group companies and holds influential positions in industry organizations.

21Nov 25

S&P Withdraws Credit Rating on ONGC Videsh Vankorneft's $600 Million Notes at Issuer Request

S&P Global Ratings has withdrawn its 'BBB' long-term issue rating on the $600 million senior unsecured notes due 2026 issued by ONGC Videsh Vankorneft Pte. Ltd., a wholly owned step-down subsidiary of ONGC Videsh in Singapore. The withdrawal was made at the issuer's request. S&P's 'BBB' issuer credit ratings on ONGC and the 'BBB' long-term issue credit rating on ONGC's $300 million senior unsecured notes due 2029 remain unchanged. ONGC maintains strong credit ratings from various agencies, including Moody's, Fitch, CARE, India Ratings, and ICRA, with stable outlooks across multiple instruments.

12Nov 25

ONGC Shares Rise Despite Profit Decline; Company Declares Interim Dividend

ONGC's shares gained 2.5% to Rs 255 despite reporting an 18% drop in quarterly profit to Rs 9,848 crore. Revenue decreased by 2.5% to Rs 33,031 crore. The company declared an interim dividend of Rs 6 per share. Crude oil realization fell 14% to $67.34 per barrel, while natural gas price realization increased 3.8% to $6.75 per mmbtu. ONGC plans annual capex of Rs 30,000-35,000 crore, targets Rs 5,000 crore in cost reduction, and aims to expand renewable energy capacity to 10 GW by 2030. Analysts have mixed views, with Goldman Sachs maintaining a 'Sell' rating and Nomura keeping a 'Neutral' stance.

11Nov 25

ONGC Reports 17.8% Drop in Q2 Profit Amid Lower Oil Prices

ONGC's standalone net profit decreased by 17.8% to ₹9,848.00 crore in Q2 FY26, down from ₹11,984.00 crore in Q2 FY25. Revenue from operations fell 2.5% to ₹33,031.00 crore. Despite financial challenges, crude oil production increased marginally by 1.2% to 4.630 MMT, while natural gas production remained stable at 4.918 BCM. The company declared an interim dividend of ₹6.00 per share, totaling ₹7,548.00 crore. ONGC aims to produce 21 million tonnes of oil and 21.5 billion cubic meters of gas in FY27.

10Nov 25

ONGC Shares Worth Rs. 18.97 Crores Traded in NSE Block Deal

Oil & Natural Gas Corporation Ltd. (ONGC) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 756,851 shares, valued at Rs. 18.97 crores, with a price of Rs. 250.65 per share. While the parties involved remain undisclosed, such deals often indicate shifts in institutional holdings or strategic moves by large investors.

09Nov 25

ONGC to Announce Q2 Results, May Consider Interim Dividend

ONGC will release its quarterly results for the period ended September 2025 on November 10. The board meeting will consider unaudited financial results and may approve an interim dividend. An earnings call is scheduled for November 11 with Director of Finance Vivek C Tongaonkar. The trading window is closed from October 1 to November 12. In Q1 FY2026, ONGC reported an 18.20% increase in consolidated net profit to 11,554.00 crore, despite a 3.50% decrease in gross revenue to 1.63 lakh crore.

07Nov 25

ONGC Set to Announce Quarterly Results: Profitability and Dividend in Focus

Oil & Natural Gas Corporation (ONGC) is scheduled to announce its quarterly financial results on November 10. Market expectations include a rise in profit compared to the previous quarter, while production volumes are anticipated to remain flat. Investors are also watching for potential interim dividend announcements. ONGC recently appointed M/s Rama K Gupta & Co. as a new Statutory/Joint Statutory Auditor for FY 2025-26, following the decline of the position by M/s MSKA & Associates.

01Nov 25

ONGC Announces Major Senior Management Changes, Including Company Secretary Superannuation

Oil & Natural Gas Corporation (ONGC) has reported significant changes in its senior management effective November 1, 2025. Rajni Kant, the Company Secretary and Compliance Officer, has superannuated. Three Executive Directors - Arup Kumar Das, Joseph Rozario Vijay Raj, and Rajiv Nischal - have also superannuated from their positions. Shashi Bhushan Singh has been appointed as the new Compliance Officer. These changes were disclosed to stock exchanges in compliance with SEBI regulations.

31Oct 25

ONGC's Credit Rating Adjustments and Interim Dividend Announcement

ONGC's credit ratings for its NCD programmes have been adjusted by India Ratings. A Rs 500 crore redeemed tranche and Rs 860 crore unutilized programme ratings were withdrawn, while the Rs 1,000 crore balance programme maintained its 'IND AAA/Stable' rating. ONGC has set November 14, 2025, as the record date for determining eligibility for a potential interim dividend, with the decision to be made at a board meeting on November 10, 2025.

29Oct 25

ONGC Appoints Shashi Bhushan Singh as Interim Compliance Officer

Oil & Natural Gas Corporation (ONGC) has named Shashi Bhushan Singh as its interim compliance officer, effective from November 1, 2025. The decision was made during ONGC's Board of Directors meeting on October 29, 2025. Singh, currently Deputy Company Secretary of ONGC, will serve until a regular Company Secretary and Compliance Officer is appointed. He brings approximately 25 years of experience in both public and private sector organizations, and is an Associate Member of the Institute of Companies Secretaries of India.

24Oct 25

ONGC Schedules Board Meeting for November 10 to Review Q2 Results and Interim Dividend

ONGC has announced a board meeting for November 10, 2025, to review Q2 FY2025-26 financial results and consider declaring an interim dividend. The board will examine standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2025. A trading window closure is in effect from October 1 to November 12, 2025, for all insiders to prevent insider trading. This meeting is crucial for stakeholders as it may impact ONGC's stock performance and dividend yield.

13Oct 25

ONGC Explores Global Partnerships and Growth Strategies Amid Stable Crude Oil Price Projections

ONGC is negotiating with four global companies for oil and fuel trading partnerships. The company forecasts crude oil prices to remain between $60-65 per barrel for the next 2-3 years. ONGC plans to develop 100 new wells for the MH Field, improve operational efficiency through projects worth ₹43 billion, and allocate ₹130 billion for the Western Offshore Development Project. The company expects additional production from Mumbai High Fields and is exploring global partnerships for various projects. ONGC will fund its exploration and production activities using internal resources.

12Oct 25

ONGC's Market Cap Slips Below Zomato Despite Substantial Asset Holdings

Oil & Natural Gas Corporation (ONGC), once India's most valuable company, now ranks 25th with a market capitalization of ₹3.10 lakh crore. It trails behind newer entrants like Zomato (₹3.36 lakh crore), Hindustan Aeronautics Ltd (₹3.23 lakh crore), and Titan Company (₹3.13 lakh crore). Despite strong financial performance, including a standalone net profit of ₹1.16 lakh crore over the last three years and significant stakes in other companies worth over ₹1.07 lakh crore, ONGC's market valuation has grown only 26% since 2012. Oil Minister Hardeep Singh Puri notes that state-owned oil PSUs, including ONGC, are undervalued despite their profitability.

09Oct 25

ONGC Backs Subsidiary's ₹50 Billion Bond Issue with First Guarantee in 15 Years

ONGC provides its first guarantee in 15 years for a ₹50 billion ($563.22 million) bond issue by its subsidiary, ONGC Petro Additions Ltd (OPAL). The 5-year, multiple-tranche bond will be issued this quarter. ONGC's guarantee has boosted OPAL's credit rating from AA+ to Provisional AAA by Crisil. OPAL, which operates a petrochemical project in Gujarat, is in talks with state-run investors to act as anchor investors for the bond issue.

25Sept 25

ONGC Collaborates with APM for Offshore Oil and Gas Logistics Facility

ONGC has announced a strategic partnership with APM to establish an offshore oil and gas logistics facility. The collaboration aims to develop infrastructure supporting offshore energy operations, potentially enhancing ONGC's capabilities in the sector. The facility is expected to improve operational efficiency, support exploration and production activities, and optimize logistics. Meanwhile, ONGC faces a challenge in its auditing arrangements as M/s MSKA & Associates declined appointment as Joint Statutory Auditor due to a conflict of interest.

24Sept 25

MSKA & Associates Declines ONGC Joint Statutory Auditor Role for FY 2025-26 Due to Independence Concerns

MSKA & Associates has declined appointment as Joint Statutory Auditor for ONGC for FY 2025-26 due to potential conflicts of interest. The firm cited existing engagements with ONGC Group companies, including accounting and finance services to a subsidiary and business valuation services to an associate company. These services are prohibited under Section 144 of the Companies Act, 2013. ONGC acknowledged the decision in a stock exchange filing.

24Sept 25

ONGC Sets Sights on 2.5-3 GW Renewable Energy Acquisition

India's state-owned Oil & Natural Gas Corporation (ONGC) has announced plans to acquire renewable energy projects with a capacity of 2.5 to 3 gigawatts (GW). This move signifies ONGC's commitment to diversifying its energy portfolio and aligning with global clean energy trends. The acquisition represents a strategic shift for the traditionally fossil fuel-focused company and could have significant implications for India's energy sector, potentially accelerating the country's green energy transition and reshaping the renewable energy market landscape.

22Sept 25

Government Rejects CB-OS/2 Block Extension, ONGC to Assume Interim Control

The Ministry of Petroleum & Natural Gas has rejected the extension of the Production Sharing Contract for the CB-OS/2 Block, jointly filed by Vedanta Limited, ONGC, and TATA Petrodyne Ltd. The offshore block, located on India's west coast, currently produces 3,400 barrels of oil and 340,000 SCMD of gas daily from its Lakhsmi and Gauri fields. ONGC has been instructed to assume control of the block as an interim measure, overseeing operations, data management, and safeguarding petroleum reserves. The government plans to re-award the block in the future.

21Sept 25

ONGC and Oil India Embark on Rs 3,200 Crore Offshore Exploration with BP's Expertise

ONGC and Oil India are initiating a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas, set to begin in early 2026. The project aims to boost India's domestic hydrocarbon production and reduce import dependency. Four deep-sea wells will be drilled across the Andaman, Mahanadi, Saurashtra, and Bengal Basins. BP will provide technical expertise for the project. The government will compensate ONGC and Oil India for campaign costs. This initiative aligns with India's strategy to reduce its oil and gas import bill, currently at about $150 billion annually.

18Sept 25

ONGC Board Approves Re-appointment of Praveen Mal Khanooja as Government Nominee Director

Oil & Natural Gas Corporation (ONGC) has re-appointed Shri Praveen Mal Khanooja as Government Nominee Director for a three-year term starting September 22, 2025. Khanooja, currently Additional Secretary in the Ministry of Petroleum and Natural Gas, brings extensive experience in finance, audit, and petroleum sector management. The decision was approved by ONGC's Board on September 18, 2025.

10Sept 25

ONGC Shares Worth Rs. 110.90 Crores Traded in NSE Block Deal

Oil & Natural Gas Corporation Ltd. (ONGC) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 4,777,287 shares at Rs. 232.15 per share, totaling Rs. 110.90 crores. This large-scale trade in India's state-owned oil and gas exploration company highlights continued investor interest in the energy sector.

09Sept 25

ONGC Plant Fire Disrupts Gas Supply; MGL Prioritizes PNG Over CNG in Mumbai

A fire at ONGC's Uran gas processing plant has caused significant disruptions to gas supply in Mumbai, affecting Mahanagar Gas Limited's operations. The fire, which occurred around 3 pm, was extinguished after two hours with no reported injuries. MGL has prioritized gas supply to domestic PNG consumers, while CNG stations may face supply issues. Industrial and commercial customers have been advised to switch to alternative fuels temporarily. Full restoration of gas supplies is expected once ONGC resumes normal operations at the Uran facility.

04Sept 25

GST Hike on Exploration Services to Impact ONGC and Oil India Costs

The Indian government increased GST on exploration services from 12% to 18%, effective September 22. ONGC's expenses are expected to rise by 1%, potentially reducing EPS by less than ₹0.70 per share. Oil India's expenses may increase by 0.5%, with a projected 1.5% decrease in standalone EPS. Stock market reactions showed declines for Oil India (-2.22%), ONGC (-1.28%), and Reliance Industries (-0.98%). The tax hike raises concerns about its impact on exploration activities and domestic oil and gas output.

29Aug 25

ONGC Plans US Ethane Purchases, Continues Russian Oil Buying, and Eyes Foreign Acquisitions

ONGC announces plans to purchase 0.6-0.8 million tons of ethane annually from the US for a petrochemical project. The company will continue buying Russian oil while prices remain affordable. ONGC is also looking to expand globally through strategic acquisitions in foreign oil and gas projects, emphasizing fair pricing. These moves aim to diversify ONGC's resource base, access new technologies and markets, and enhance its position in the international energy landscape.

25Aug 25

ONGC Commences Gas Sales from Chinnewala Tibba Field in Rajasthan

ONGC has begun supplying 1 lakh standard cubic meters of gas per day from the Chinnewala Tibba field in Rajasthan to Rajasthan Rajya Vidyut Utpadan Nigam Limited. This marks a significant milestone in ONGC's Discovered Small Field (DSF-II) monetisation efforts. The gas sales, which started on August 25, 2025, are strategically important for India's energy security and regional development. The project is a result of collaboration between ONGC, DGH, GAIL, OIL, and RRVUNL.

18Aug 25

ONGC Energy Centre Trust and Engineers India Limited Collaborate on ₹39.42 Crore Helium Recovery Project

ONGC Energy Centre Trust and Engineers India Limited are collaborating to establish a Helium Recovery Demonstration Plant at ONGC's Kuthalam Gas Collection Station in Tamil Nadu. The ₹39.42 crore project aims to recover Grade-A Helium with 99.995% purity from natural gas using technology developed by CSIR-Indian Institute of Petroleum. The plant will process 750 Nm³/hr of natural gas with 110% operational flexibility. This 18-month project could reduce India's dependence on helium imports for high-tech applications in space exploration, semiconductor manufacturing, and medical technologies.