Oil And Natural Gas Corporation Merger & Restructuring Worth ₹143.1 Cr
ONGC received a rights issue of shares from its joint venture entities, Bharat Ethane One and Bharat Ethane Two, maintaining its 50% stake in both.
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- ₹143.1 Cr
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ONGC received a rights issue of shares from its joint venture entities, Bharat Ethane One and Bharat Ethane Two, maintaining its 50% stake in both.
ONGC has scheduled a board meeting on August 4, 2026, to consider and approve the un-audited financial results for the quarter ended June 30, 2026.
ONGC's board approved a USD 500 million Parent Company Guarantee in favour of Saudi Aramco for subsidiary MRPL's crude oil imports. This guarantee covers a two-year period.
ONGC has commenced drilling its first deepwater exploratory well, MN-DW18-1-H-D, in the Mahanadi Offshore Basin under the Samudra Manthan Mission.
Oil and Natural Gas Corporation Ltd filed its quarterly shareholding pattern for the period ending June 30, 2026. The filing details the distribution of equity shares across various categories.
ONGC completed two deep geothermal wells at its Puga project site in Ladakh. This milestone advances India's first demonstration-scale geothermal power initiative for clean energy.
Fitch affirmed ONGC at BBB- and raised its Standalone Credit Profile to bbb+. Various agencies maintained high ratings for debt instruments totaling Rs. 37,000 Crore.
ONGC fixed July 27, 2026, as the record date for interest payments on 6.40% NCDs. Payments will be made on August 11, 2026.
ONGC's board approved developing 1.75 MMT Strategic Petroleum Reserves at Mangalore. This project follows Ministry of Petroleum directives for national energy security.
ONGC's Postal Ballot on two resolutions for the Mozambique Project passed with requisite majority. The Scrutinizer's report confirms the validity of the e-voting process and results.
ONGC disclosed that Director (Production) Shri Pankaj Kumar retired on 01 July 2026 upon reaching superannuation age. The change is recorded per Regulation 30.
ONGC and bp have signed a Technical Services Contract to boost production from the Western Offshore Basin. The collaboration aims to improve recovery and reduce decline.
ONGC clarified that the recent surge in trading volume across exchanges is purely market driven. The company reaffirms its SEBI compliance.
ONGC's subsidiary OPaL approved raising up to ₹4,471 crore via NCD private placement. This debt issuance will fund OPaL's capital needs and increase ONGC's consolidated debt exposure.
ONGC issued a corrigendum correcting a Ministry reference letter number regarding Shri Anupam Agarwal's appointment as Director (Finance). There are no changes to the appointment's content.
ONGC issued a postal ballot notice for shareholder approval of Mozambique project transactions totaling ₹52,364 Crore. Voting covers asset restructuring and debt guarantee amendments.
ONGC announced the superannuation of three Executive Directors effective June 1, 2026. This administrative leadership transition involves the retirement of K N Ramesh, M Porcia, and Deep Chandra Pant.
ONGC appointed Shri Satyan Kumar as Director (Strategy & Corporate Affairs) until 2028. He brings over 36 years of energy sector experience to the company's leadership.
ONGC recommended a final dividend of ₹1 per equity share for 2026. The record date for payment will be determined during the upcoming Annual General Meeting.
ONGC reported a 53% surge in consolidated net profit for Q4 FY’26. The company declared its highest ever total dividend of ₹16,669 Crore.
Oil And Natural Gas Corporation Ltd reported revenue from operations of ₹35,928 Cr (+2.7% YoY) and net profit of ₹6,650 Cr (+3.1% YoY) for Q4 FY26.
ONGC reported its FY26 audited results and recommended a final dividend of ₹1 per share. The board also approved a new 50:50 joint venture at Dahej port.
ONGC selected BP Exploration Services India as Technical Services Provider for its Western Offshore fields. The 10-year partnership aims to increase hydrocarbon production by ~24.1%.
ONGC scheduled a board meeting for May 26, 2026, to approve audited FY26 financial results and final dividend. Trading remains closed until May 28, 2026.
ONGC announced the retirement of four senior officials effective May 1, 2026, due to superannuation. Departures include Mr. Vivek Chandrakant Tongaonkar (Director & CFO), and Executive Directors Mr. Rajan Asthana and Mr. Shibu Augustine Manuel. This is a routine leadership transition resulting from reaching retirement age.
Shri Vivek Chandrakant Tongaonkar has retired as Director (Finance) and CFO of Oil and Natural Gas Corporation Ltd (ONGC) effective May 1, 2026. His departure follows the attainment of superannuation age.
Oil and Natural Gas Corporation Ltd announced the superannuation of two Executive Directors, Rajan Asthana and Shibu Augustine Manuel, effective May 1, 2026. These changes occur at the senior management level immediately below the Board.
ONGC announced the demise of Executive Director Mr. Debasish Mukherjee on April 30, 2026. Consequently, Mr. Manish Patil, currently Director (HR), has been assigned additional charge as Director (Finance) effective May 1, 2026. This reorganization ensures leadership continuity within the company's senior management team.
Oil and Natural Gas Corporation Ltd announced that Shri Manish Patil, Director (Human Resource), has been given additional charge as Director (Finance) effective May 1, 2026. The appointment, mandated by the Ministry of Petroleum and Natural Gas, is for three months or until a regular incumbent is appointed.
Oil and Natural Gas Corporation Ltd informed the exchanges of the sad demise of Shri Debasish Mukherjee, Executive Director, on April 30, 2026. Consequently, he has ceased to be the Executive Director (EO to Director HR) of the company.