Oil and Natural Gas Corporation Ltd

Oil & Natural Gas Corpn Ltd announced that Care Edge Ratings has reaffirmed ratings for various bank facilities and instruments. Specifically, CARE AAA; Stable/ CARE A1+ has been reaffirmed for long-term/short-term bank facilities amounting to Rs 17,500.00 crore and Rs 10,000.00 crore respectively, as well as for short-term bank facilities of Rs 10,000.00 crore, and CARE AAA; Stable has been reaffirmed for long-term bank facilities of Rs 7,500.00 crore, alongside CARE A1+ for commercial paper of Rs 10,000.00 crore, and CARE AAA; Stable for non-convertible debentures of Rs 7,500.00 crore; there were no enhancements, assignments, or withdrawals related to these ratings, which pertain to instruments regulated by the RBI and SEBI.

Oil and Natural Gas Corporation Limited announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company with an authorized and subscribed share capital of Rs 50 crore. The joint venture, formed with Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Petro additions Limited (OPaL) in a 50:25:25 shareholding ratio, will focus on the integrated marketing and trading of petrochemicals, chemicals, and related products, with ONGC and its nominee shareholders acquiring 50% of OPML's equity share capital, representing 2,50,00,000 shares at a cost of Rs 25 crore.

Oil and Natural Gas Corporation Ltd. confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, according to a certificate received from Alankit Assignments Limited, its Registrar & Share Transfer Agent.

Oil and Natural Gas Corporation Limited announced the appointment of Shri Bhaskar Chowdary Nettem as Director (Production) with effect from September 21, 2026, until September 30, 2029, or until further orders, as per a regulatory filing with the National Stock Exchange of India Ltd. and BSE Limited.

Oil and Natural Gas Corporation Limited clarified that its subsidiary, ONGC Videsh Limited (OVL), received approval from the U.S. government in July 2026 for oil and gas operations in Venezuela, concerning its assets San Cristobal and Carabobo-1, and framework agreements are under discussion with stakeholders, though the operational or financial impact on the company cannot be determined at this stage.

Oil and Natural Gas Corporation Limited announced the appointment of Dr. Archna Thakur as a Non Official Independent Director to its Board, effective August 13, 2026, for a period of three years or until further orders, as per a letter from the Ministry of Petroleum and Natural Gas dated August 12, 2026.

Oil and Natural Gas Corporation Limited informed the National Stock Exchange of India Ltd and BSE Limited that Friday, September 4, 2026, has been fixed as the record date for determining eligibility of members for payment of a final dividend of Rs 1 per share for fiscal year 2026, subject to approval by members at the company’s Annual General Meeting.

Oil and Natural Gas Corporation (ONGC) reported a net profit of Rs 17,034 crore for the first quarter of fiscal year 2026-27, a 112% increase compared to Rs 8,024 crore in the same quarter last year. The company's standalone gross revenue rose to Rs 46,460 crore, up 45% year-on-year, and achieved a record quarterly Profit Before Tax of Rs 22,848 crore. ONGC is currently undertaking a capital investment program of more than Rs 40,000 crore in its Western offshore operations and has spudded its first deepwater well in the Mahanadi basin as part of the "Samudra Manthan" offshore exploration initiative.

Oil and Natural Gas Corporation Limited will hold a board meeting on Tuesday, August 4, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and trading window for company insiders will remain closed until Thursday, August 6, 2026, as per SEBI regulations.

The aforementioned PCG is for a two-year period from 01 September 2026 to 31 August 2028. This approved parent company guarantee would enable MRPL, a subsidiary of ONGC, to import crude oil from Saudi Aramco. Oil and Natural Gas Corporation is a public sector undertaking (PSU) that is engaged in exploration, development and production of crude oil, natural gas and value-added products. The corporation had reported a 3.1% rise in standalone net profit to Rs 6,649.97 crore in Q4 FY26, compared with Rs 6,448.28 crore in Q4 FY25. Revenue from operations added 2.7% year-on-year (YoY) to Rs 35,928.18 crore in Q4 FY26. The scrip rose 0.08% to end at Rs 238.80 on the BSE today. Powered by Capital Market - Live