Windfall tax volatility
The Special Additional Excise Duty (SAED) on crude oil is revised every fortnight, creating uncertainty in realizations and impacting profitability.
ONGC / Q2-FY24 / risks
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Ongc · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
OPaL continued losses and equity dilution
OPaL is expected to report negative EBITDA and PAT in FY24, and the proposed equity infusion of INR 18,365 crore may dilute minority shareholders.
Russian asset dividend repatriation
Dividends of RUB 16 billion from Vankor are locked up in Russia due to sanctions, with no clear timeline for repatriation.
KG 98/2 production ramp-up delays
While first oil is expected imminently, gas ramp-up to 10 MMSCMD depends on process platform installation by April 2024, which could face delays.