ONGC will hold a meeting of the Board of Directors of the Company on 20 May 2024Powered by Capital Market - Live News

Oil & Natural Gas Corpn has appointed Nandan Verma as Executive Director of the company with effect from 04 March 2024. Powered by Capital Market - Live News

The Board of Oil & Natural Gas Corpn (ONGC) at its meeting held on 20 February 2024 has considered and accorded in-principle approval for formation of Joint Venture companies (JVs) either by ONGC or through its subsidiary(ies)/ associates to set up and operate 15 CBG Plants, subject to requisite approval(s). The Board also accorded, in-principle, approval for the said purpose by formation of 50:50 Joint Ventures by ONGC or by its subsidiary(ies)/ associates separately with below-mentioned companies with seed equity contribution upto Rs 10 crore for each JV:- i. SFC Environmental Technologies; and ii. EverEnviro Resource ManagementPowered by Capital Market - Live News

ONGC announced that the Board of Directors of the Company at its meeting held on 10 February 2024, has recommended a Second Interim dividend of Rs.4 per share (i.e.80%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Oil & Natural Gas Corpn declined 9.86% to Rs 10356.44 crore in the quarter ended December 2023 as against Rs 11488.99 crore during the previous quarter ended December 2022. Sales declined 2.15% to Rs 165569.06 crore in the quarter ended December 2023 as against Rs 169212.63 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales165569.06169212.63 -2 OPM %12.0912.92 - PBDT21609.6322494.26 -4 PBT14515.7115710.25 -8 NP10356.4411488.99 -10 Powered by Capital Market - Live News