The Board of Directors of Oil and Natural Gas Corporation (ONGC) has approved an interim dividend of ₹6 per share. The company has also greenlit an investment of up to ₹421.50 Crore in its wholly-owned subsidiary, ONGC Green Limited (OGL), and approved entering into joint ventures for petroleum transportation. Shri Shashi Bhushan Singh has been appointed as Company Secretary & Compliance Officer, effective immediately. November 14, 2025 has been fixed as the record date for the dividend.
Interim Dividend Declared
ONGC’s Board has declared an interim dividend of ₹6 per equity share, representing 120% on a face value of ₹5. The record date for determining shareholders’ eligibility for the dividend is November 14, 2025. Payment will be made within 30 days of the declaration.
Investment in ONGC Green Limited
The Board approved an investment of up to ₹421.50 Crore in ONGC Green Limited (OGL). This investment will be made in one or more tranches through subscription to the rights issue of equity shares. OGL focuses primarily on the renewable energy business.
Joint Ventures for Petroleum Transportation
ONGC’s Board granted in-principle approval for entering into two identical Joint Venture Companies (JVCs) with Mitsui O.S.K. Lines Ltd (MOL), with 50:50 shareholding, pending approval from the Department of Investment and Public Asset Management (DIPAM). The ventures aim for strategic expansion into the transportation of petroleum resources, specifically focusing on ethane transportation through Very Large Ethane Carriers (VLECs).
The Board has approved cumulative investment up-to USD 49.20 million (equivalent ₹4350.30 million) for these JVCs.
New Company Secretary Appointed
Shri Shashi Bhushan Singh (ACS: 15194) has been appointed as Company Secretary & Compliance Officer, effective immediately. He will also be designated as the Key Managerial Personnel of the Company.
Financial Results
The Board has approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2025 (Q2 FY26).
Source: BSE
