Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated August 18, 2025, titled "ONGC Energy Centre Trust and Engineers India Limited Sign Agreement for Helium Recovery Demonstration Plant at Kuthalam, Tamil Nadu".
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ONGC's research arm (OECT) has signed a ₹39.42 crore agreement with Engineers India Limited to set up a Helium Recovery Demonstration Plant at ONGC's Kuthalam Gas Collection Station in Tamil Nadu. The plant will process 750 Nm³/hr of natural gas to produce Grade-A Helium at 99.995% purity, using technology developed by CSIR-Indian Institute of Petroleum. The project is to be completed within 18 months under an EPCM model covering design, engineering, procurement, construction, and commissioning. Currently, India imports all of its helium, which is critical for space, semiconductor, cryogenics, fibre optics, and medical applications. This initiative aims to build India's first indigenous capability to recover high-purity helium from natural gas.
This is a small-value strategic R&D project (₹39.42 crore) with no immediate material impact on ONGC's financials or stock price. However, it signals ONGC's push into high-value gas recovery and aligns with India's self-reliance goals, which could have longer-term upside if helium recovery scales commercially.