News

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.

ONGC announced that the 33th Annual General Meeting(AGM) of the company will be held on 31 August 2026.