🏢 Company: ONGC (NSE: ONGC | BSE: 500312) 📌 Key Highlights 🔹 Gas discovery announced on September 21, 2026, at deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast. 🔹 Gas struck on September 18, 2026, at a depth interval of 1,441–1,452 metres. 🔹 The well is located approximately 43 km off Konark, Odisha. 🔹 The well is flowing gas with encouraging flow and reservoir pressure, as reported over the last three days. 🔹 This is the first well drilled in the Mahanadi Basin under the Samudra Manthan initiative. 🎯 Strategic Impact The discovery strengthens ONGC’s deepwater exploration programme and supports India’s efforts to expand its indigenous hydrocarbon resource base. 📊 Investor Relevance The discovery offers potential for early monetisation due to its proximity to the coast. However, this remains subject to further appraisal and commercial evaluation. The company also stated that the discovery, along with other finds in the area, could be considered for development using shared facilities under the PNG Rules, 2025. ⚠️ Disclaimer: For informational and educational purposes only. Not investment advice. Investments in securities markets are subject to market risks. 👍 Like | 🔄 Share | ➕ Follow AFS Trading Edge for more corporate updates and market insights. !ongc

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