Oil & Natural Gas Corporation Ltd.

Oil & Natural Gas Corporation (ONGC) has received approval for formation of a 50:50 joint venture (JV) company with Gujarat Maritime Board (GMB) to develop a 5 MMTPA liquid port at Dahej Gujarat, pending investment approvals by the JV Partners and approval of DIPAM, Govt of India.

The proposed port facility at Dahej, Gujarat, will serve as a strategic enabler for ONGC Group for integrated energy business and leveraging its strong asset base in the region. ONGC Group aims to establish a port infrastructure to strengthen its logistic backbone.

The board of directors of the company, at its meeting held on May 26, 2026, has accorded an in-principle approval for the same.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.