{
  "id": 12822141,
  "title": "ONGC Establishes Petrochemicals Marketing JV, Subscribes ₹25 Crore For 50% Stake",
  "url": "https://urgent.news/2026/10/08/ongc-establishes-petrochemicals-marketing-jv-subscribes-25-crore-for",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T07:53:43.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/ongc-establishes-petrochemicals-marketing-jv-subscribes-25-crore-for-50-stake"
  },
  "original_language": "en",
  "account": "Mumbai, October 7, 2026 - Oil and Natural Gas Corporation (ONGC) has established a joint venture company, ONGC Petrochemicals Marketing Limited (OPML), to operate in the petrochemicals marketing and trading sector. ONGC has acquired a 50% equity stake in OPML for ₹25 crore, equal to 2.5 million equity shares of ₹10 each. The remaining 50% is shared between Mangalore Refinery and Petrochemicals Limited (25%) and ONGC Petro additions Limited (25%). OPML's primary focus will be on integrated marketing, trading, and distribution of petrochemicals, chemicals, and related products for the ONGC Group. The entity aims to create a unified platform for branding, business development, pricing, logistics, customer management, and sales planning. ONGC obtained the necessary regulatory approvals, including a Certificate of Incorporation from the Registrar of Companies, for the formation of OPML, which was registered in India on October 7, 2026.",
  "summary": "Mumbai: Oil and Natural Gas Corporation (ONGC) announced on Wednesday the incorporation of ONGC Petrochemicals Marketing Limited (OPML) as a public limited company on 7 October 2026. ONGC has acquired a 50 per cent equity share capital in OPML, amounting to 2,50,00,000 equity shares of ₹10 each, for a total consideration of ₹25 crore. Joint Venture Structure OPML is a joint venture company with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}