The Oil and Natural Gas Corporation (ONGC) board has approved an interim dividend of ₹6 per equity share. Additionally, the board has greenlit an investment of up to ₹421.50 Crore in its wholly-owned subsidiary, ONGC Green Limited (OGL), to boost renewable energy initiatives. Further key decisions involved the appointment of a new Company Secretary and strategic investments into joint ventures for petroleum transportation.
Interim Dividend Declared
The ONGC Board of Directors, in its meeting held on November 10, 2025, declared an interim dividend of ₹6 per equity share of face value ₹5. This translates to 120% for the financial year 2025-26. The record date for determining eligibility of shareholders has been fixed as November 14, 2025, with dividend payouts scheduled within 30 days of the declaration date.
Investment in ONGC Green Limited
The board has approved an investment of up to ₹421.50 Crore in ONGC Green Limited (OGL), a wholly-owned subsidiary. This investment will be made through subscription to the rights issue of equity shares, furthering OGL’s engagement in the renewable energy sector. OGL will utilize these funds for investment in ONGC NTPC Green Private Limited (ONGPL), a joint venture with NTPC Green Energy Limited (NGEL), which in turn will invest in Ayana Renewable Power Private Limited.
Appointment of Company Secretary
Shri Shashi Bhushan Singh has been appointed as the Company Secretary & Compliance Officer with immediate effect, also designated as the Key Managerial Personnel.
Joint Venture Investments for Petroleum Transportation
The Board has approved in-principal the entering into two identical Joint Venture Companies (JVCs) in partnership with M/s Mitsui O.S.K. Lines Ltd (MOL) with 50:50 shareholding, subject to approval of Department of Investment and Public Asset Management (DIPAM). This marks a strategic expansion by ONGC into the transportation of petroleum resources, enhancing its energy logistics and maritime operations capabilities. The Board has approved cumulative investment up-to USD 49.20 million (equivalent ₹4350.30 million).
Financial Performance: Quarter Ended September 30, 2025
ONGC reported a total income of ₹36,454.35 Crore for the quarter ended September 30, 2025, compared to ₹33,213.39 Crore in the preceding quarter. Profit for the period stood at ₹9,847.97 Crore.
Disclaimer Related to Panna-Mukta and Mid & South Tapti Fields:
Note no. 3 refers to pending finality of Arbitration Tribunal Award on various issues related to Production Sharing Contract with respect to Panna-Mukta and Mid and South Tapti contract areas (PMT JV), demand of USD 1,624 million equivalent to Rs. 14,418 Crore as on September 30, 2025.
Source: BSE
