Oil & Natural Gas Corporation Limited — Others, 22-01-2025: Action(s) initiated or orders passed

ONGC has received an order requiring the recovery of ₹25.42 crore in IGST for the periods of July, October, and November 2017, along with penalties and interest totaling ₹16.40 crore. The company plans to appeal this order, asserting that the delay in payment was due to technical issues rather than a delay in GST payment. Given the scale of ONGC's operations, this issue is not expected to have a significant financial impact, although it may cause temporary investor concern. Overall, there remains a potential opportunity for ONGC to clarify and resolve this matter.