Oil & Natural Gas Corporation Limited — Others, 27-06-2025: Action(s) initiated or orders passed

ONGC has announced a board meeting on the financial results for the quarter and half-year. The company has received an order confirming a demand of Rs. 124.98 Cr towards OID Cess, along with interest and an equal penalty, alleging short payment for June 2023. ONGC maintains that the cess was correctly paid, as excess amounts from previous months were adjusted, and therefore disputes the demand, interest, and penalty. Given its scale, ONGC does not expect a significant financial impact and plans to appeal the order within the stipulated timeframe.