ONGC Petro Additions granted exit from Special Economic Zone

Oil and Natural Gas Corporation (ONGC) announced today that its subsidiary, ONGC Petro additions Limited (OPaL), has been granted final exit from the Dahej Special Economic Zone (SEZ). According to the company's filing dated March 7, 2025, the approval was granted via letter from the Development Commissioner of the Dahej SEZ. Following this exit, OPaL will operate as a Domestic Tariff Area (“DTA”) unit, effective March 8, 2025. ONGC anticipates that this transition will improve the competitiveness of OPaL regarding supplies made to the DTA. The announcement was made to the National Stock Exchange of India Ltd. and the Bombay Stock Exchange, where ONGC is listed under the stock code 500312 for Equity and 959844, 959881 for NCDs.