The Board of Directors of OIL AND NATURAL GAS CORPORATION LIMITED (ONGC) has approved an interim dividend of ₹6 per share for the financial year 2025-26, along with a significant investment in its green energy subsidiary, ONGC Green Limited (OGL). A new Company Secretary and Compliance Officer has also been appointed. The decisions occurred at a board meeting held on November 10, 2025.
Interim Dividend Declared
ONGC’s Board has declared a first interim dividend at the rate of ₹6 per equity share with a face value of ₹5 each, equivalent to 120% for the financial year 2025-26. The record date for determining shareholder eligibility is November 14th, 2025. Dividend payout will occur 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. The investment will happen through subscription to the rights issue of equity shares, supporting OGL’s renewable energy initiatives.
Joint Venture Investments
An in-principal approval has been granted to venture into two identical Joint Venture Companies (JVCs) in partnership with M/s Mitsui O.S.K. Lines Ltd (MOL) with 50:50 shareholding, pending approval from the Department of Investment and Public Asset Management (DIPAM). The proposed joint ventures with MOL involves investment up-to USD 49.20 million and mark a strategic expansion into petroleum transportation and energy logistics.
Key Personnel Appointment
Shri Shashi Bhushan Singh (ACS: 15194) has been appointed as Company Secretary & Compliance Officer, effective immediately. He is also designated as a Key Managerial Personnel of the Company.
Unsecured Non-Convertible Debentures Disclosure
The company had ₹10,000 million in unsecured Non-Convertible Debentures (NCDs) outstanding as of September 30, 2025. Security cover certificates are not applicable as these are unsecured NCDs.
Source: BSE
