ONGC Share Price in Focus; OPaL Board Approves Raising Up To ₹4,471 Crore Through NCDs

Oil and Natural Gas Corporation Limited (ONGC) has informed stock exchanges that its debt-listed subsidiary, ONGC Petro additions Limited (OPaL), has approved a proposal to raise funds through non-convertible debentures (NCDs). 

The fundraising plan was approved by OPaL's Board of Directors during its meeting held on June 11, 2026.  

OPaL Approves Fundraising Through NCDs 

OPaL's board has approved raising funds through the private placement of secured or unsecured, redeemable non-convertible debentures. 

The fundraising may be carried out in one or more tranches.  

Fundraising Amount Up To ₹4,471 Crore 

According to the disclosure, the aggregate amount proposed to be raised through the NCD issuance will not exceed ₹4,471 crore. 

The proposal remains subject to shareholder approval and other applicable statutory and regulatory clearances.  

Proposal Recommended by Audit Committee 

The company stated that the fundraising proposal was recommended by the Audit Committee before receiving approval from the Board of Directors. 

The approval was granted during OPaL's 134th Board Meeting held on June 11, 2026.  

Fundraising To Be Executed in Multiple Tranches 

The proposed NCD issuance may be undertaken through one or more tranches depending on funding requirements and regulatory approvals. 

The company has not disclosed specific timelines for the issuance process.  

Read More: ONGC and Other OMC Stocks in Focus as Government Cuts Royalty Charged on Production of Crude Oil and Gas! 

ONGC Share Price Performance 

On 15 June 2026, at 2:06 PM, ONGC share price was trading at ₹243.50 per share, reflecting a decline of 1.10% from the previous close. 

Conclusion 

OPaL has approved a proposal to raise up to ₹4,471 crore through the private placement of secured or unsecured redeemable non-convertible debentures. The fundraising plan is subject to shareholder and regulatory approvals and may be executed in multiple tranches.  

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