A+| A| A-|
Partner with us icon Partner with Us

Corporate Actions

ONGC backs MRPL's crude imports from Saudi Aramco with $500 million guarantee

28-Jul-26   16:09 Hrs IST

The aforementioned PCG is for a two-year period from 01 September 2026 to 31 August 2028.

This approved parent company guarantee would enable MRPL, a subsidiary of ONGC, to import crude oil from Saudi Aramco.

Oil and Natural Gas Corporation is a public sector undertaking (PSU) that is engaged in exploration, development and production of crude oil, natural gas and value-added products.

The corporation had reported a 3.1% rise in standalone net profit to Rs 6,649.97 crore in Q4 FY26, compared with Rs 6,448.28 crore in Q4 FY25. Revenue from operations added 2.7% year-on-year (YoY) to Rs 35,928.18 crore in Q4 FY26.

The scrip rose 0.08% to end at Rs 238.80 on the BSE today.

Powered by Capital Market - Live News

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.