ONGC board approves 1.75 MMT strategic petroleum reserve at Mangalore

Capex & Operations View source PDF Explain this filing

ONGC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.6%Reaction day

₹243.49

prior close

₹243.65

announcement price

After-mkt

timing

Nifty 100market+1.1%-0.5% vs market

Oil Exploration & Production peers, median of 5sector+0.6%+0.0% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty 100 and in line with its Oil Exploration & Production 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

+0.5

10m

+0.5

15m

+0.2

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+1.1-0.5+0.6+0.0

Next day

+1.9+1.0+0.9+0.4+1.5

+1.9+0.4+1.5+1.4+0.4

+1.5+0.6+1.0+3.1-1.5

+1.4+0.5+1.0+1.6-0.1

+1.5+1.4+0.2+0.8+0.8

+2.6+1.1+1.5+5.4-2.8

15d

-0.5+2.0-2.5+2.5-3.0

-1.5+3.0-4.5+4.3-5.8

-2.6-1.4-1.2+21.8-24.3

-9.6-6.3-3.4+10.2-19.8

UpDownMarket · Nifty 100Sector · Oil Exploration & Production peers, median of 5Pending

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

AI summary

ONGC's board approved developing a 1.75 MMT capacity Strategic Petroleum Reserve at Mangalore as a Phase 1 extension. It is designated a project of national importance under the Ministry of Petroleum and Natural Gas. The board also asked management to seek broader commercial use and regulatory support from the Government of India.

Likely market impact

Signals long term capacity build up for ONGC. Only in principle approval so far; no immediate financial impact until capex size and timelines are disclosed.