The Board of Directors of Oil and Natural Gas Corporation (ONGC) has approved an interim dividend of ₹6 per equity share. It also greenlit an investment of up to ₹421.50 Crore in its wholly-owned subsidiary, ONGC Green Limited (OGL), to boost its renewable energy initiatives. Other key decisions included investments in joint ventures for petroleum transportation and disclosures related to debt regulations.
Interim Dividend Approved
ONGC’s Board has declared an interim dividend of ₹6 per equity share with a face value of ₹5, equivalent to 120%. The record date for determining shareholder eligibility is November 14, 2025, and the dividend payout will occur within 30 days of declaration.
Investment in Green Energy Subsidiary
An investment of up to ₹421.50 Crore has been approved for ONGC Green Limited (OGL). This investment will be executed through subscription to a rights issue of equity shares. OGL, a wholly-owned subsidiary, focuses on renewable energy ventures.
Joint Venture Investments for Petroleum Transportation
The board has given in-principle approval for investments in two identical Joint Venture Companies (JVCs) with Mitsui O.S.K. Lines Ltd (MOL), each with 50:50 shareholding, pending DIPAM approval. These ventures aim to expand ONGC’s presence in transporting petroleum resources, specifically in the ethane transportation sector, with a cumulative investment of up to USD 49.20 million (equivalent to ₹4350.30 million).
Company Secretary Appointment
Shri Shashi Bhushan Singh has been appointed as Company Secretary & Compliance Officer, effective immediately. Singh brings 25 years of professional experience to the role.
Debt Disclosure
The company held ₹10,000 million in unsecured Non-Convertible Debentures (NCDs) as of September 30, 2025.
Financial Results Highlights (Q2 2025-26)
Key figures from the unaudited standalone financial results for Q2 2025-26 include:
- Revenue from operations: ₹33,030.56 Crore
- Profit for the period: ₹9,847.97 Crore
- Total comprehensive income for the period: ₹9,850.69 Crore
Segment Performance
The earnings report breaks the total revenue down into:
- Offshore: ₹22,898.05 Crore
- Onshore: ₹10,132.51 Crore
Source: BSE
