Oil and Natural Gas Corporation Ltd

📈 ONGC Expands Petrochemicals Reach with New Joint Venture

• ONGC forms petrochemicals marketing and trading joint venture with partners ONGC (50%), MRPL (25%), and OPaL (25%).

• ONGC invests ₹25 crore in equity share capital for the joint venture.

• Approval granted for equity investment up to ₹79.48 crore and corporate guarantee up to ₹185.45 crore for IGGL's Duliajan Feeder Line project.

• Shri Yogish Nayak S., Chartered Accountant with over 30 years in corporate finance and former CFO of MRPL, appointed as Chief Financial Officer effective 01.05.2026.