Quarterly Result12 Aug 2025, 10:17 pm
ONGC Approves Q1 FY2025-26 Financial Results & Invests in 0.6 GW Renewable Energy Project
AI Summary
Oil and Natural Gas Corporation Ltd. (ONGC) announced its integrated financial results for the quarter ended 30 June, 2025, with the approval of the Board of Directors. The company reported a profit and has also approved an investment of 4,963.06 Crore for setting up a 0.6 GW renewable energy project, comprising 300 MW solar and 300 MW wind power, by 2028. This initiative is expected to result in operational savings and ESG compliance for ONGC. Additionally, the company disclosed its unsecured NCDs and the non-applicability of security cover as per SEBI regulations.
Key Highlights
- ONGC reported its Q1 FY2025-26 financial results with approval from the Board of Directors.
- The company has invested 4,963.06 Crore in a 0.6 GW renewable energy project, combining 300 MW solar and 300 MW wind power, to be completed by 2028.
- This renewable energy project is expected to generate operational savings and contribute to ESG compliance for ONGC.
- ONGC disclosed its unsecured NCDs and the non-applicability of security cover as per SEBI regulations.
- The company's Q1 FY2025-26 financial results show a profit.