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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 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 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.

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.

13Aug 25

ONGC Expects Mozambique LNG Project Force Majeure to Lift by September; Q1 Profit Rises 18%

ONGC anticipates the force majeure on the Mozambique LNG project to be lifted in August-September. The company reported a robust Q1 performance with consolidated net profit up 18.2% YoY to ₹11,554.00 crore. Revenue from operations decreased 3.5% to ₹163,108.00 crore. ONGC's Board approved a ₹4,963.06 crore investment for a 0.6 GW renewable power project. The company declared two new offshore discoveries and saw a 1.2% increase in standalone crude oil production.

12Aug 25

ONGC Reports ₹11,554 Crore Consolidated Profit in Q1, Approves ₹4,963 Crore Renewable Energy Project

ONGC's Q1 consolidated net profit rose 18.2% to ₹11,554 crore, despite a 3.5% revenue decline. The company approved a ₹4,963.06 crore investment in a 0.6 GW renewable energy project, comprising equal parts solar and wind power. Crude oil production increased by 1.2%, while natural gas production slightly decreased. ONGC also signed a Joint Operating Agreement for three new exploration blocks and declared two new offshore discoveries.

11Aug 25

ONGC to Invest Rs 4,600 Crore in Andhra Pradesh's Konaseema District for KG Basin Development

ONGC has announced plans to invest over Rs 4,600 crore in Andhra Pradesh's Konaseema District to boost operations in the Krishna-Godavari Basin. The project includes drilling 10 development wells, setting up two unmanned platforms, laying an offshore pipeline, and establishing an onshore gas processing facility. The development will cover contract areas Chandrika and GS49. ONGC has approached the Ministry of Environment and Forests for environmental clearance. The project is expected to create 150 direct and 310 indirect jobs. However, the Experts Appraisal Committee has deferred the proposal, requesting additional information including a biodiversity assessment and environmental restoration plan.

02Aug 25

ONGC Sets September 4, 2025 as Record Date for ₹1.25 Final Dividend

Oil & Natural Gas Corporation (ONGC) has announced Thursday, September 4, 2025, as the record date for its final dividend of ₹1.25 per share for the fiscal year 2025. The dividend is subject to approval at the upcoming Annual General Meeting. The Board of Directors recommended this dividend on May 21, 2025. Shareholders on record as of the specified date will be eligible for the dividend if approved.

31Jul 25

ONGC Shares Dip Amid U.S. Tariff Announcement and Environmental Compensation Notices

ONGC's shares declined 0.83% following U.S. tariff announcements. The company received environmental compensation notices from APPCB for three facilities in Andhra Pradesh, totaling ₹100.80 crore. ONGC paid the fines under protest and plans to appeal. The company stated that the financial impact is not significant given its operational scale.

30Jul 25

ONGC Faces ₹1 Crore Environmental Compensation Notice from Andhra Pradesh Pollution Control Board

ONGC received environmental compensation notices totaling ₹1 crore from the Andhra Pradesh Pollution Control Board for alleged violations at three facilities. The notices cover Odalarevu Onshore Terminal (₹36.60 lakh), Tatipaka Gas Collecting Station (₹27.60 lakh), and Kesanapalli Group Gathering Station (₹36.60 lakh). Violations relate to non-compliance with prescribed discharge standards from Effluent Treatment Plants. ONGC has paid the amount under protest and plans to appeal, stating the impact is not significant given the company's operational scale.

28Jul 25

ONGC, BP, and Reliance Industries Join Forces for Saurashtra Basin Exploration

ONGC has entered into a Joint Operating Agreement with BP Exploration (Alpha) Ltd and Reliance Industries Limited for offshore hydrocarbon exploration in the Saurashtra Basin. The agreement covers Block GS-OSHP-2022/2, awarded under OALP Bid Round-IX, spanning approximately 5,454 square kilometres. ONGC will serve as the operator for this Category-II basin exploration project. The formal signing took place on 28 July 2025 in New Delhi, with key representatives from all three companies present.

22Jul 25

ONGC Approves Major Related Party Transactions Worth Over ₹22,000 Crore for International Projects

ONGC has approved several related party transactions for its international projects. For Mozambique, these include a ₹5,082.39 crore true-up amount receipt, an asset transfer estimated at ₹14,400 crore, and an amendment to guarantee support up to $3.072 billion. For South Sudan, ONGC approved cash call payments of up to $130 million for FY 2025-26 and $140 million for FY 2026-27. The board also appointed Shri Om Prakash Sinha as a Key Managerial Personnel and M/s Agarwal S. & Associates as Secretarial Auditor for five years.

22Jul 25

ONGC Board Approves Key Appointments and Material Related Party Transactions for Overseas Projects

ONGC's Board of Directors has made several important decisions, including appointing Shri Om Prakash Sinha as Director (Exploration) and M/s Agarwal S. & Associates as Secretarial Auditor. The board also recommended material related party transactions for shareholder approval, involving ONGC Videsh Limited's projects in Mozambique and South Sudan. These transactions include receipt of true-up amounts, asset transfers, and cash call payments for ongoing exploration and production activities.

17Jul 25

ONGC Plans Massive 10-12 MTPA Refinery in Jamnagar, Western India

ONGC, India's state-owned oil and gas company, is planning to expand its downstream operations by building a new refinery in Jamnagar, Gujarat. The proposed facility will have a capacity of 10-12 Million Tonnes Per Annum (MTPA). This strategic move aims to strengthen ONGC's position in the refining sector and could significantly impact India's energy landscape by increasing domestic refining capacity and potentially reducing dependence on imported refined products. The project is expected to generate employment and contribute to the economic development of the Jamnagar region.

11Jul 25

Fitch Affirms ONGC's 'BBB-' Rating, Outlook Remains Stable

Fitch Ratings has maintained Oil & Natural Gas Corporation's (ONGC) credit rating at 'BBB-' with a stable outlook. This rating, just above junk status, indicates ONGC's adequate capacity to meet financial commitments and moderate default risk. The stable outlook suggests no significant credit profile deterioration is expected in the near term. ONGC's rating maintenance comes amid industry challenges including fluctuating oil prices and increasing focus on renewable energy.

03Jul 25

ONGC Shares: Block Trade of 8.26 Lakh Shares Worth Rs. 20.29 Crore Executed

Oil & Natural Gas Corporation Ltd. (ONGC) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 825,882 shares, valued at Rs. 20.29 Crore, with a price per share of Rs. 245.63. This large-scale trade indicates substantial interest in ONGC's stock among major market participants.

20Jun 25

ONGC Backs OVL's Overseas Expansion with $412 Million Guarantee

ONGC has authorized a corporate guarantee of up to $412.00 million for its overseas arm, ONGC Videsh Limited (OVL), to raise funds in international markets. The funds are intended for OVL's units to make overseas direct investments, supporting the subsidiary's global growth plans. This move aims to enhance OVL's capacity to pursue and finance international oil and gas projects, potentially accelerating its expansion, improving its competitive position, and diversifying ONGC's portfolio.

13Jun 25

ONGC Tackles Gas Release Incident at Rudrasagar Field

ONGC is managing a gas eruption from well RDS-147 in the Rudrasagar field. Control operations have been initiated, with necessary fluids prepared and the next phase scheduled to begin at dawn. The company is actively working to address the situation, though the full extent of the impact is yet to be determined.

12Jun 25

ONGC Brings Gas Release Situation Under Control at Rudrasagar Field

Oil & Natural Gas Corporation (ONGC) reported that it has successfully managed a gas release incident at its Rudrasagar field. The company stated that the situation, which had initially raised concerns, is now under control. No further details were provided about the cause of the gas release or the methods used to resolve it.

12Jun 25

Indian Oil Corporation Shares in Focus as Global Oil Prices Surge Amid Middle East Tensions

Oil prices have risen by 5.00%, approaching $70.00 per barrel due to escalating Middle East tensions, particularly an Iranian threat. This surge could significantly impact Oil & Natural Gas Corporation (ONGC), India's largest oil refiner and retailer. The price increase may affect ONGC's exploration and production revenues, refining margins, inventory positions, and overall market demand. Investors are advised to monitor the situation closely, considering potential government interventions and policy changes in response to rising global oil prices.

26May 25

ONGC-Led Joint Venture Restarts Production at Offshore PY-3 Field

Oil and Natural Gas Corporation (ONGC), India's state-owned oil and gas company, has successfully restarted production at the offshore PY-3 field in the Cauvery Basin. The field, operated by an ONGC-led joint venture, had been inactive for a period. While specific production volumes and partner details were not disclosed, this move aligns with ONGC's strategy to optimize offshore assets and contribute to India's energy security goals.

21May 25

ONGC Declares Final Dividend, Reports Q4 Financial Results

ONGC announced its Q4 financial results with revenue growth but declining profits. Revenue increased to ₹349.80 billion, up 3.74% quarter-on-quarter. However, EBITDA fell to ₹139.61 billion, and net profit decreased to ₹64.48 billion. The company's board recommended a final dividend of ₹1.25 per equity share, subject to shareholder approval.

08May 25

ONGC Refutes Mumbai High Tender Cancellation Reports, Affirms BP Partnership

ONGC has refuted reports suggesting the cancellation of the Mumbai High tender and confirmed that its partnership with BP for the Mumbai High field remains intact. This clarification addresses recent market speculations and reassures stakeholders about the continuity of operations and international collaborations in one of India's largest offshore oil fields.

17Apr 25

Reliance Industries May Benefit from Potential Tax Cuts on US Ethane and LPG Imports

The Indian government is contemplating the removal of import taxes on ethane and LPG from the United States. This potential policy change could significantly benefit major petrochemical companies like Reliance Industries Limited (RIL), which imports ethane for its crackers in Gujarat and Maharashtra. The move aims to diversify energy sources and reduce costs. If implemented, it could enhance the competitiveness of Indian petrochemical products globally, encourage increased imports from the US, and potentially lead to industry expansion.

25Mar 25

ONGC Unveils Ambitious Green Energy and International Expansion Plans

ONGC has approved a ₹3,300 crore investment in its subsidiary ONGC Green Limited for renewable energy expansion. This includes acquiring Ayana Renewable Power through a joint venture. Internationally, ONGC plans to invest up to ₹1,500 crore in Mozambique's Beas Rovuma Energy project and provide a USD 379.30 million loan for the Area 1 Mozambique Project. The company also announced key management changes.

11Mar 25

ONGC-NTPC Joint Venture Gets CCI Nod for Ayana Renewable Power Acquisition

The Competition Commission of India (CCI) has approved the acquisition of Ayana Renewable Power Private Limited by ONGC NTPC Green Private Limited, a joint venture between Oil and Natural Gas Corporation (ONGC) and NTPC Limited. This strategic move marks a significant expansion into the renewable energy sector for both state-owned energy giants. The acquisition is expected to enhance their renewable energy capabilities and contribute to India's clean energy goals.

07Mar 25

ONGC Petro Additions Exits Dahej SEZ as ONGC Appoints New Director of Technology and Field Services

ONGC Petro Additions has been granted exit from Dahej Special Economic Zone, transitioning to a Domestic Tariff Area unit. Separately, Shri Vikram Saxena, with over 35 years of E&P experience, has been appointed as ONGC's new Director of Technology and Field Services, effective March 6, 2025, until his superannuation on July 31, 2027.

04Mar 25

ONGC Green Expands Renewable Portfolio with ₹925 Crore Acquisition of PTC Energy

ONGC Green Limited, a subsidiary of Oil and Natural Gas Corporation (ONGC), has acquired 100% stake in PTC Energy Limited for ₹925 crore. PTC Energy operates 288.80 MW of wind energy capacity across seven locations in India. This acquisition aligns with ONGC's goal to achieve a 10 GW renewable energy portfolio by 2030 and net-zero emissions by 2038. The deal involves the purchase of 654,117,494 equity shares and is subject to post-closing adjustments. PTC Energy's turnover has shown steady growth, reaching ₹322.49 crore in FY'24.

24Feb 25

ONGC Unveils ₹1,200 Crore Investment in Green Subsidiary and Strategic Acquisition Plans

ONGC's board approved a ₹1,200 crore investment in its subsidiary ONGC Green Limited through a rights issue. The funds will be used to acquire 100% of PTC Energy Limited. ONGC also approved a ₹75 crore corporate guarantee for the acquisition. These moves signify ONGC's commitment to expanding its renewable energy portfolio and diversifying its operations.