ONGC Board of Directors has approved an interim dividend payout of 180% for the FY 2009-10. This amounts to Rs 18 per equity share, aggregating to Rs 3,850 crore, on a paid up equity capital of Rs. 2,138.87 crore comprising of 213.89 crore shares of Rs. 10 each.
ONGC has taken a noble initiative for educating jail inmates of Dehradun district jail. ONGC has donated an amount of Rs.1,82,850/- to the Dehradun District jail for education of jail inmates. The Jail authorities will utilize the donated amount for upgradation of educational qualification of the jail inmates through courses run by National Institute of Open School (NIOS) and Indira Gandhi National Open University (IGNOU). As many as 113 jail inmates will be benefited by this noble gesture of ONGC.
Pursuant to protracted discussions with M/s Sistema, a leading diversified industrial group of Russia having investments in India, OVL entered into a Non-Exclusive Memorandum of Understanding to explore the possibilities of jointly studying, and if mutually agreed, to participate in attractive oil and gas assets in Russia and third countries.
ONGC/OVL, in association with Hinduja Group & Petronet LNG have entered into two broad enabling Agreements with Iranian authorities on Tuesday, the 1st December, 2009, for participation in development of gas fields and liquification facilities in Iran, in return for assured minimum 6 million tonne LNG per annum on long term basis.
