NSEOutcome of Board Meeting3d ago · 28 Jul 2026, 03:59 pm
Outcome of Board Meeting
Oil & Natural Gas Corporation Limited · ONGC
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Oil & Natural Gas Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on July 28, 2026, where the Board approved a proposal to provide Parent Company Guarantee (PCG) of USD 500 million in favour of Saudi Arabian Oil Company (Saudi Aramco) for the period 01.09.2026 to 31.08.2028 on behalf of Mangalore Refinery and Petrochemicals Limited (MRPL).
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Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Oil & Natural Gas Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on July 28, 2026.
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OIL AND NATURAL GAS CORPORATION LIMITED
COMPANY SECRETARIAT
ONGC/CS/SE/2026-27 28.07.2026
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. 28.07.2026, has inter-alia approved the proposal to
provide Parent Company Guarantee (PCG) of USD 500 million in favour of Saudi Arabian Oil Company (Saudi Aramco) for the
period 01.09.2026 to 31.08.2028 on behalf of Mangalore Refinery and Petrochemicals Limited (MRPL), to enable MRPL to
import crude oil from Saudi Aramco.
MRPL, is a subsidiary of Company.
The meeting of Board of Directors commenced at 13:45 hrs and concluded at 15:35 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