Oil & Natural Gas Corporation Limited
ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production
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ONGC successfully held its 33rd AGM. A post-AGM media interaction with management is scheduled, and the presentation for this event is now available online for investor review.
ONGC's Daman Upside Development Project (DUDP), built with approx. USD 1 billion Capex, has begun gas monetisation. Gas is now flowing from Platform B-12-24P to Hazira, marking a key operational milestone as production from the western offshore ramps up.
ONGC's senior management sees a transition as three Executive Directors, Arup Kumar Das, Joseph Rozario Vijay Raj, and Rajiv Nischal, superannuate. This impacts leadership one level below the Board.
ONGC has seen a shift in its senior management. Three Executive Directors, Ravindra Madhav Patil, Anupam Saxena, and Ajay Jain, are stepping down due to superannuation. This represents a planned leadership transition within the company's operational structure. Such changes are common and typically do not signal major strategic shifts, but...
ONGC has announced a board meeting to discuss a partnership with Mitsui O.S.K Lines Ltd (MOL) to build, own, and operate two Very Large Ethane Carriers (VLECs). These carriers will transport imported ethane to ONGC Petro Additions Limited (OPaL) for use as feedstock. This move aims to strengthen ONGC's supply...