Oil and Natural Gas Corporation Ltd Signed a 15-year term sheet with Petronet LNG for ethane unloading

Signed a 15-year term sheet with Petronet LNG for ethane unloading, storage, and handling at Dahej terminal, expected to generate ₹5,000 crore gross revenue for Petronet starting late 2028. Q2 FY26 net profit fell 20% YoY to ₹8,856 crore due to lower oil prices; shares dipped 2% but showed resilience with technical collaborations like BP for Mumbai High revival.