Net profit of Oil & Natural Gas Corpn declined 32.15% to Rs 9936.45 crore in the quarter ended June 2024 as against Rs 14644.43 crore during the previous quarter ended June 2023. Sales rose 1.68% to Rs 166576.75 crore in the quarter ended June 2024 as against Rs 163823.59 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales166576.75163823.59 2 OPM %13.0818.80 - PBDT22056.4831500.30 -30 PBT13981.0124422.02 -43 NP9936.4514644.43 -32 Powered by Capital Market - Live News

Oil & Natural Gas Corpn announced the cessation of following senior management personnel with effect from 01 August 2024:1. Polisetty Suresh Babu - Executive Director (Superannuation) 2. Krishan Gopal Goel - Executive Director (Superannuation)3. Vinnakota Narasimha Rao - Executive Director (Superannuation)4. Anuradha Chaudhuri - Chief Internal Audit (Superannuation)Powered by Capital Market - Live News

The Board of Oil & Natural Gas Corpn at its meeting held on 23 July 2024 has approved the following:1. Extension of exercise period for conversion of Share Warrants - I of Rs 1,922 crore (paid-up value ₹1,873.95 crore) issued by ONGC Petro additions (OPaL) up to six (06) months from its conversion date of 24 August 2024.There is no charge to be paid by the Company for the said extension of exercise period.2. Extension of back stopping support for Compulsory Convertible Debentures (CCDs) - III of Rs 492 crore issued by OPaL upto six (06) months from its mandatory put option on 28 August 2024. Powered by Capital Market - Live News

ONGC will hold a meeting of the Board of Directors of the Company on 5 August 2024.Powered by Capital Market - Live News

The Board of Oil & Natural Gas Corpn has appointed Vivek Chandrakant Tongaonkar (DIN: 10143854) as Director (Finance) of the Company. Further, the Board of Directors has also designated Tongaonkar as Chief Financial Officer of the Company with effect from 02 July 2024 in place of Devendra Kumar.Powered by Capital Market - Live News