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ONGC's Arm OPaL Exits From Dahej SEZ, Eyes Local Market

Summary by NDTV Profit

ONGC PetroAdditions Ltd., a subsidiary of the state-owned Oil and Natural Gas Corp., has relinquished its 'only-for-export' unit status as it aims to tap into the booming local petrochemical market to drive a turnaround.In a stock exchange filing, ONGC said OPaL has received the final approval for its exit from the Dahej Special Economic Zone."Accordingly, OPaL shall operate as a Domestic Tariff Area (DTA) unit with effect from March 8, 2025," O…

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ONGC's Arm OPaL Exits From Dahej SEZ, Eyes Local Market

ONGC PetroAdditions Ltd., a subsidiary of the state-owned Oil and Natural Gas Corp., has relinquished its 'only-for-export' unit status as it aims to tap into the booming local petrochemical market to drive a turnaround.In a stock exchange filing, ONGC said OPaL has received the final approval for its exit from the Dahej Special Economic Zone."Accordingly, OPaL shall operate as a Domestic Tariff Area (DTA) unit with effect from March 8, 2025," O…

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NDTV Profit broke the news in 5 days ago on Sunday, March 9, 2025.

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