Oil & Natural Gas (ONGC) — deviation variation

ONGC and Oil India Limited signed a Joint Operating Agreement on August 12, 2025, for three blocks awarded under OALP Bid Round-IX: two onland blocks in Meghalaya and Gujarat, and one ultra deepwater block off the eastern coast in the Mahanadi Basin, covering approximately 10,964 square kilometres. ONGC is designated as the operator. The consortium will conduct exploratory activities to assess hydrocarbon potential across multiple Indian sedimentary basins.

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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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