Oil & Natural Gas Corp. Ltd. (NSE:ONGC) sees a sharp earnings lift as Kotak forecasts EBITDA up ~66% YoY and 67% QoQ on strong crude/gas realizations and volumes, even as ONGC backs MRPL with a $500m guarantee to Saudi Aramco and finishes two Puga geothermal wells.
Previous Week Recap
- ONGC EBITDA Up Sharply: Kotak projects ONGC EBITDA up ~66% YoY, 67% QoQ, citing crude realization ~$101.3/bbl, net oil ~$74.8/bbl, gas ~$8.3/mmbtu and specified sales volumes driving the estimate
- ONGC Grants USD 500 Million Guarantee: ONGC approved a USD 500 million parent company guarantee to Saudi Aramco (Sept 1, 2026–Aug 31, 2028) to back MRPL’s crude oil imports.
- ONGC Completes Geothermal Wells: ONGC completed two deep geothermal wells at Puga, Ladakh, announced July 17, 2026. Key trader facts: project location, well count, completion date, and potential production data to follow.
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