ONGC declares dividend, strong profits, green investments

Oil and Natural Gas Corporation (ONGC) announced an interim dividend of ₹6 per equity share (120% on face value of ₹5) for FY26, amounting to a total payout of ₹7,548 crore. The record date for this dividend is November 14, 2025. This declaration follows strong financial performance, with the company reporting a consolidated net profit of ₹12,615 crore in Q2 FY26, a 28.2% increase, and a standalone net profit of ₹9,848 crore.

The company is also strategically expanding its portfolio with an approved investment of up to ₹421.50 crore in its wholly owned subsidiary, ONGC Green Limited (OGL), focused on renewable energy. OGL will use these funds to invest in ONGC NTPC Green Private Limited (ONGPL), which will further invest in Ayana Renewable Power Private Limited. Additionally, ONGC received in-principle approval for two joint ventures with Mitsui O.S.K. Lines Ltd (MOL) with a 50:50 shareholding, involving a cumulative investment of up to $49.20 million.