9FEBRUARY 2026PETRONET LNG AND ONGC SIGN DEAL FOR GAS SUPPLY AT DAHEJ TERMINALMAHINDRA & MAHINDRA SECURES RECORD 35,000 LCV EXPORT ORDERPetronet LNG Limited (PLL) and Oil and Natural Gas Corporation Limited (ONGC) have signed a five-year Master Regasification Agreement to strengthen India's growing natural gas supply chain.The deal will allow Petronet LNG ONGC regasification agreement which will permit the receipt, storage, and regasification of liquefied natural gas at the Dahej LNG terminal of PLL in Gujarat and supplies the downstream consumers of ONGC. The contract has a provision of an extension of the term at the mutual consent.Mahindra & Mahindra shares rose 1.85% today to Rs 3,593.30 after the company announced its largest-ever export order for light commercial vehicles.The automaker will sell 35,000 units of Scorpio Pik Up to Agrinas Pangan Nusantara which is an Indonesian state-owned enterprise whose delivery will occur by 2026.Mahindra & Mahindra reported the order in an exchange filing and said it is a part of Indonesia-based Koperasi Desa/Kelurahan Merah Putih (KDKMP) Project, which aims at establishing a powerful cooperative-based The structure underpins the strategy of ONGC to increase its involvement in the imports and marketing of LNG where regasified LNG can be sold both in the market and as captive consumption. Such a step is in line with the growing gas ecosystem in India, supported by the fast development of the pipeline infrastructure, city gas distribution systems, and increased LNG regasification capacity.The Petronet LNG ONGC regasification deal also falls under long-term strategy of ONGC of providing additional gas to its production of its home country through LNG based supply to meet the increasing demand in the power and industry sectors, transport, and the urban gas segment. It was signed on January 27, 2026, on the occasion of India Energy Week 2026 at ATI ONGC, Goa, where Akshay Kumar Singh, Managing Director and CEO of PLL and Arunangshu Sarkar, Director of ONGC signed the agreement.ONGC is a PLL promoter and is considered to be a related party and its Chairman and Managing Director are nominee directors on the PLL Board. The sale was done on arm-length basis.GAIL, ONGC, IOCL and BPCL promote Petronet LNG Limited, which is owned and operated by the company as a LNG terminal in Dahej and Kochi with a combined capacity of 22.5 MMTPA, which covers approximately 43 percent of the LNG regasification capacity in India. rural economy. The vehicles will facilitate logistics business of cooperatives being established in the country to enhance the transportation of the farm products.In the partnership, Mahindra and Agrinas Pangan Nusantara will collaborate in ensuring the strengthening of rural logistics through facilitation of the smooth flow of fresh supply of farmers to market places. The partnership will help fill the gap between the producers and the consumers as well as empower the villages to become self-contained economic units.Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra, said, "We are looking forward to this association and to supporting Indonesias Koperasi through our partnership with Agrinas Pangan Nusantara. By deploying the this collaboration reflects our commitment to enabling prosperity and supporting national priorities."The Scorpio Pik Up, which is produced in Mahindra Nashik plant, is a vehicle that is suited to rough rural environments. The vehicle is known to be very robust in terms of its ability to carry a lot of weight, and its low operation costs, enabling it to work effectively on rough roads and farm tracks. It will facilitate first-mile aggregation, take the produce of farms to cooperatives, and intra-village logistics.
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