Petronet MHB Limited (PMHBL), a subsidiary of India’s Energy Maharatna ONGC, presented an interim dividend cheque of ₹16.04 crore (@ 6.5%) to ONGC at Deendayal Urja Bhawan, New Delhi. The cheque was handed over to Director (Finance) Vivek Chandrakant Tongaonkar and Director (Strategy & Corporate Affairs) Arunangshu Sarkar by PMHBL Managing Director Sudhir Kumar, in the presence of ONGC Executive Director (Chief JV & BD) Satish Kumar Dwivedi.
This dividend distribution reflects PMHBL’s continued operational excellence and sound financial management. Over the past eight years, the company’s cumulative dividend payout has surpassed ₹750 crore, underscoring its robust performance, strong corporate governance, and commitment to long-term stakeholder value creation.
Petronet MHB, a joint venture engaged in the transportation of petroleum products, remains a key contributor to ONGC’s downstream value chain and plays an important role in strengthening India’s energy logistics infrastructure.
