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ONGC forms ONGC Petrochemicals Marketing Limited with MRPL and OPaL for petrochemical trading
08-Oct-2026, 02:27

Oil and Natural Gas Corporation Limited announced the incorporation of ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026, as a public limited company with an authorized and subscribed share capital of Rs 50 crore. The joint venture, formed with Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Petro additions Limited (OPaL) in a 50:25:25 shareholding ratio, will focus on the integrated marketing and trading of petrochemicals, chemicals, and related products, with ONGC and its nominee shareholders acquiring 50% of OPML's equity share capital, representing 2,50,00,000 shares at a cost of Rs 25 crore.