Announced Thu, 8 Oct, 2026 · 13:13 IST
ONGC incorporates JV OPML with MRPL and OPaL for petrochem marketing
ONGC · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹221.99
prior close
₹219.30
base price
In-mkt
timing
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AI summary
ONGC has incorporated ONGC Petrochemicals Marketing Limited (OPML) on 7 Oct 2026 as a joint venture with MRPL and OPaL in a 50:25:25 shareholding ratio. OPML will handle integrated marketing and trading of petrochemicals, chemicals and related products for the ONGC group. ONGC invested Rs 25 crore for its 50% stake, with the entity having total share capital of Rs 50 crore. DIPAM approval was obtained.
Likely market impact
Creates a unified petrochem marketing platform for ONGC group. Investment is modest at Rs 25 crore, so limited immediate stock impact but supports downstream strategy.