ONGC approves Rs 421 Cr for green arm, 2 JVs with Mitsui, Rs 6 interim dividend

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

ONGC · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹251.50

prior close

₹254.20

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.1% vs market

Oil peers, median of 15sector · industry level+0.6%-1.2% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 1.2 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.6+0.4-1.1+0.6-1.2

Next day

+1.0+1.0-0.1-0.1+1.1

+0.0+1.0-1.0+0.5-0.5

-1.6+1.1-2.7-0.5-1.1

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15d

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-6.3+0.5-6.8-10.5+4.1

+9.1+1.4+7.7-11.2+20.3

UpDownMarket · Nifty 100Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ONGC Q2 standalone profit was Rs 9,848 Cr versus Rs 11,984 Cr YoY. H1 FY26 profit Rs 17,872 Cr. Board set first interim dividend of Rs 6 per share (120 percent), record date Nov 14. Approved Rs 421.50 Cr for ONGC Green, routing funds to Ayana Renewable Power with 4.1 GW assets. Two 50:50 JVs with Japan's Mitsui O.S.K. Lines cleared for ethane shipping via Very Large Ethane Carriers, investment up to USD 49.20 million, pending DIPAM nod.

Likely market impact

Shareholders get Rs 6 per share dividend. ONGC diversifies into renewable energy and ethane shipping via subsidiary ONGC Green and new JVs with Japan's MOL.