ONGC Petrochemicals Marketing Ltd (OPML) Incorporated

Oil and Natural Gas Corporation Ltd (ONGC) has announced the incorporation of its Joint Venture Company, ONGC Petrochemicals Marketing Limited (OPML), on October 7, 2026. OPML, a public limited company, will focus on the integrated marketing and trading of petrochemicals and chemicals. ONGC holds a 50% stake, with Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Petro additions Limited (OPaL) holding 25% each. The company has an authorized and subscribed share capital of ₹50 crore. This move aligns with ONGC's downstream and petrochemicals business, aiming to create a unified market-facing platform for the ONGC Group's petrochemical products. The incorporation received approval from the Department of Investment and Public Asset Management.