Oil & Natural Gas Corporation Limited (ONGC) — Board Meeting | 9 July 2026

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📢 Key Event
Board approved strategic petroleum reserves expansion project

🔄 What Changed
Approved 1.75 MMT capacity strategic petroleum reserves project

🔮 What's Next
Direct to engage government for commercial utilisation and regulatory support

ONGC's board approved in-principle development of 1.75 MMT strategic petroleum reserves at Mangalore and directed engagement with the government to broaden commercial use and seek regulatory support, a move signaling strategic expansion into storage infrastructure.

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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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