Oil And Natural Gas Corporation Business Update
ONGC successfully struck gas at the MN-DW18-1-H-D deepwater well in the Mahanadi Basin. The discovery bolsters the company's exploration program and future development potential.
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ONGC successfully struck gas at the MN-DW18-1-H-D deepwater well in the Mahanadi Basin. The discovery bolsters the company's exploration program and future development potential.
ONGC has appointed Shri Bhaskar Chowdary Nettem as Director (Production) of the company, effective September 21, 2026.
ONGC's Board appointed three Cost Auditor firms for FY 2026-27. The filing includes brief profiles of each firm as Annexure-A.
ONGC informed the exchange regarding the appointment of four audit firms as Statutory/Joint Statutory Auditors for the financial year 2026-27 by the C&AG.
Oil and Natural Gas Corporation Limited announced the superannuation of Executive Directors Ajay Kumar Sharma and Pradeep Kumar Goel. These senior management changes became effective September 1, 2026.
ONGC held its 33rd Annual General Meeting on August 31, 2026, via video conferencing. The meeting covered various ordinary and special business items.
ONGC received notices from BSE and NSE levying fines totaling ₹28.63 Lakhs for non-compliance with board and committee composition norms. The company is seeking a waiver.
Oil & Natural Gas Corporation Limited issued an addendum to its 33rd AGM notice, incorporating the appointment of Dr. Archna Thakur as an Independent Director.
ONGC commissioned gas evacuation facilities at Khoraghat, Assam, enabling the transfer of 1 lakh SCM of gas daily to the North East Gas Grid.
ONGC clarified a news report regarding US license authorization for its Venezuelan operations. The company stated no material financial impact can be quantified currently.
Oil and Natural Gas Corporation Limited has appointed Dr. Archna Thakur as a Non-Official Independent Director for a three-year term effective August 13, 2026.
Oil and Natural Gas Corporation Ltd has paid Rs. 64 Crore in interest on its 6.40% non-convertible debentures. The payment was made on August 11, 2026.
ONGC has filed its Business Responsibility and Sustainability Report for the financial year 2025-26, fulfilling SEBI's regulatory disclosure requirements for listed entities.
ONGC will conduct its 33rd Annual General Meeting on August 31, 2026, via video conferencing. The agenda includes dividend declaration and various director appointments.
Oil and Natural Gas Corporation has fixed September 4, 2026, as the record date for a final dividend. The recommended dividend is ₹1 per equity share.
ONGC reported Q1 FY'27 standalone net profit of ₹17,034 crore, a 112% increase. Gross revenue for the quarter was ₹46,460 crore.
Oil And Natural Gas Corporation Ltd reported revenue from operations of ₹204,987 Cr (+25.7% YoY) and net profit of ₹6,554 Cr (-43.3% YoY) for Q1 FY27.
ONGC announced the superannuation of two Executive Directors, Amal Krishna and Madhukar Mohan, effective August 1, 2026.
ONGC received a rights issue of shares from its joint venture entities, Bharat Ethane One and Bharat Ethane Two, maintaining its 50% stake in both.
ONGC has scheduled a board meeting on August 4, 2026, to consider and approve the un-audited financial results for the quarter ended June 30, 2026.
ONGC's board approved a USD 500 million Parent Company Guarantee in favour of Saudi Aramco for subsidiary MRPL's crude oil imports. This guarantee covers a two-year period.
ONGC has commenced drilling its first deepwater exploratory well, MN-DW18-1-H-D, in the Mahanadi Offshore Basin under the Samudra Manthan Mission.
Oil and Natural Gas Corporation Ltd filed its quarterly shareholding pattern for the period ending June 30, 2026. The filing details the distribution of equity shares across various categories.
ONGC completed two deep geothermal wells at its Puga project site in Ladakh. This milestone advances India's first demonstration-scale geothermal power initiative for clean energy.
Fitch affirmed ONGC at BBB- and raised its Standalone Credit Profile to bbb+. Various agencies maintained high ratings for debt instruments totaling Rs. 37,000 Crore.
ONGC fixed July 27, 2026, as the record date for interest payments on 6.40% NCDs. Payments will be made on August 11, 2026.
ONGC's board approved developing 1.75 MMT Strategic Petroleum Reserves at Mangalore. This project follows Ministry of Petroleum directives for national energy security.