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

ONGC has revised the meeting of the Board of Directors which was scheduled to be held on 13 February 2024. The meeting will now be held on 10 February 2024.Powered by Capital Market - Live News