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ONGC reports 18% profit jump, expands operations

August 12, 2025 at 07:04 PM UTCBy FilingReader AI

Oil and Natural Gas Corporation reported consolidated net profit of ₹11,554 crore for Q1 FY26, up 18.2%, with crude oil production rising 1.2%.

ONGC and Oil India signed a joint agreement for three new blocks in Meghalaya, Gujarat, and offshore Mahanadi Basin under OALP Bid Round-IX. The board approved ₹4,963 crore investment for a 0.6 GW renewable energy project by 2028.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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