ONGC announced that the Board of Directors of the Company at its meeting held on 12 February 2026, inter alia, have recommended the Second Interim dividend of Rs 6.25 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Oil & Natural Gas Corpn rose 16.67% to Rs 10015.78 crore in the quarter ended December 2025 as against Rs 8584.60 crore during the previous quarter ended December 2024. Sales rose 0.13% to Rs 167422.93 crore in the quarter ended December 2025 as against Rs 167212.55 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales167422.93167212.55 0 OPM %15.1314.56 - PBDT25533.2323019.42 11 PBT16144.9613480.13 20 NP10015.788584.60 17 Powered by Capital Market - Live News

ONGC will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live News

Oil & Natural Gas Corpn (ONGC) and Reliance Industries (Reliance) signed a path-breaking agreement on 27 January 2026 to enable resource sharing for deepwater offshore E&P operations on India`s East Coast, particularly across the Krishna Godavari (KG) basin and Andaman offshore, marking a major step towards cost optimization, faster execution, and improved asset utilization in complex deepwater projects. This agreement is aligned with a forward-looking initiative facilitated by the Oilfields (Regulation and Development) Amendment Act, 2025 (ORDA Act 2025), introduced by the Ministry of Petroleum and Natural Gas (MoPNG), which creates a clear enabling framework for E&P operators to share infrastructure and facilities, both onland and offshore, for more efficient development of oilfields and production of hydrocarbons.Under MoPNG`s enabling initiative, ONGC and Reliance will pursue sharing of key resources required for offshore operations, which may include (but is not limited to): onshore and offshore processing facilities, drilling rigs, marine vessels (MSV, Tugs, PSV), Power, Pipelines, logging and well services etc.Powered by Capital Market - Live News

Oil & Natural Gas Corpn (ONGC) signed Joint Venture Agreements and Capital Contribution Agreements with M/s Mitsui O.S.K. Lines (MOL), Japan, on 5 January 2026, to subscribe equity shares in two joint venture entities, namely Bharat Ethane One IFSC and Bharat Ethane Two IFSC, registered in Gift City, Gandhinagar.The Maharatna shall subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture companies. Upon completion of the equity subscription, ONGC shall hold a 50% equity stake in each of the joint venture entities, with the remaining 50% held by M/s Mitsui O.S.K. Lines, Japan.Each joint venture company shall own and operate one Very Large Ethane Carrier (VLEC). The VLECs shall operate under the Indian flag and shall be deployed for the transportation of ethane from the United States of America to meet the feedstock requirements of ONGC Petro additions (OPaL), a subsidiary of ONGC.This strategic collaboration constitutes a significant milestone in strengthening long-term cooperation between ONGC and MOL. By leveraging MOL`s global maritime expertise alongside ONGC`s strong regional presence and operational capabilities, the partnership is expected to create substantial value across the energy transportation and value chain. The initiative also marks ONGC`s strategic entry into business diversification and growth. Through the deployment of VLECs for ethane transportation, ONGC aims to capitalise on emerging opportunities in energy logistics, strengthen integration across its value chain, and establish a robust operational presence in specialised shipping. Powered by Capital Market - Live News