NSEOutcome of Board Meeting9 Jul 2026 · 9 Jul 2026, 09:22 pm
Outcome of Board Meeting
Oil & Natural Gas Corporation Limited · ONGC
✦ AI Summary▲ PositiveExpansion
Oil & Natural Gas Corporation Limited has received in-principle approval from its board for the development of 1.75 MMT capacity Strategic Petroleum Reserves as a project of national importance, along with associated facilities at Mangalore (Phase-I Extension). The company will also explore commercial utilization opportunities with regulatory support from the government.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Oil & Natural Gas Corporation Limited has informed the Exchange regarding in-principle approval of Board for the development of 1.75 MMT capacity Strategic Petroleum Reserves as a project of national importance.
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OIL AND NATURAL GAS CORPORATION LIMITED
COMPANY SECRETARIAT
ONGC/CS/SE/2026-27 09.07.2026
National Stock Exchange of India Ltd. BSE Limited
Listing Department Corporate Relationship Department
Exchange Plaza Phiroze Jeejeebhoy Towers
Bandra-Kurla Complex, Bandra (E) Dalal Street, Fort
Mumbai – 400 051 Mumbai – 400 001
Symbol-ONGC; Series – EQ BSE Security Code No.: 500312
NCD: 959881
Sub: Outcome of Board Meeting
Madam/ Sir,
The Board of Directors of the Company, at its meeting held today i.e. 09.07.2026, has inter-alia accorded an in-principle
approval for the development of 1.75 MMT capacity Strategic Petroleum Reserves as a project of national importance along
with associated facilities at Mangalore (Phase-I Extension) as per the directives of Ministry of Petroleum and Natural Gas
(MoP&NG).
In addition, the Board also directed to take up with the Government of India for broadening commercial utilisation opportunity
with associated regulatory support.
The meeting of Board of Directors commenced at 18:35 hrs and concluded at 20:35 hrs.
This is for your information and record, please.
Thanking You,
Yours Sincerely,
for Oil and Natural Gas Corporation Ltd.
(Shashi Bhushan Singh)
Company Secretary & Compliance Officer
Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070
Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000
CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in