ONGC Approves ₹1 Dividend Per Share, Plans Joint Venture
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On 26 May 2026, the Board of Oil & Natural Gas Corporation Limited (ONGC) (NSE: ONGC | BSE: 500312) approved the FY 2025‑26 audited financial statements and recommended a final dividend of ₹1 per equity share (face value ₹5), equal to 20 %, pending AGM approval.
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The company secured in‑principle approval for a 50:50 joint venture with the Gujarat Maritime Board to build a 5 MMTPA liquid port at Dahej, subject to investment and DIPAM clearances, aimed at bolstering ONGC’s logistics network.
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ONGC’s overseas arm, ONGC Nile Ganga BV, will issue a parent company guarantee of up to USD 325 million to Shell Brasil for the BC‑10 project, covering abandonment liability with fees set on an arm‑length basis.
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These actions signal financial transparency, a commitment to shareholder returns, strategic expansion of infrastructure, and proactive risk management for international operations.
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