Oil & Natural Gas (ONGC) — Board Meeting

ONGC's Board approved ₹1,200 crore equity investment in wholly-owned subsidiary ONGC Green Limited (OGL) via rights offer, continuing its renewable energy expansion. OGL will use these proceeds to acquire 100% stake in PTC Energy Limited, with ONGC providing a ₹75 crore corporate guarantee supporting the acquisition. This strategic move strengthens ONGC's green energy portfolio.

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About Oil & Natural Gas Corporation Limited (ONGC)

Oil Gas & Consumable Fuels · Oil · Listed on NSE

Market Cap: ₹3,76,590.66 Cr P/E: 9.9 ROE: 11.0% ROCE: 14.1%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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