ONGC Plans New 200,000-240,000 BPD Refinery Project in Jamnagar, Gujarat

Oil and Natural Gas Corporation (ONGC) is conducting a pre-feasibility study for a new oil refinery project in Jamnagar, Gujarat. The proposed facility is expected to have a capacity of 200,000 to 240,000 barrels per day (BPD). The development is still in the initial stages.

As per news reports, the study is ongoing, but nothing has been confirmed as the information has not yet been made public. The project is still under internal review, with no formal announcement or detailed timelines shared so far.

Jamnagar as the Proposed Site

The refinery is likely to be located in Jamnagar, a district already known for major oil refining operations. ONGC’s plan, if finalised, would add to the industrial presence in the region and expand the area’s role in India’s refining output.

India remains the 3rd-largest importer and consumer of oil globally. The country has been steadily working on increasing its refining capacity to support both domestic demand and international trade goals. New projects are being explored to meet this objective.

No Public Disclosure Yet

So far, ONGC has not issued any public statement regarding the Jamnagar project. The information has come through reports, and further clarity is expected once the pre-feasibility findings are evaluated by the company’s leadership.

ONGC Share Price Performance 

As of 10:24 AM on July 18, 2025, ONGC share price was trading at ₹243.95, up by 0.033%. Year to date, the stock has gained 2.95%, but over the past year, it has declined by 26.45%.

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Conclusion

ONGC’s study for a potential refinery between 200,000-240,000 BPD in Jamnagar is part of a broader look at capacity expansion. With India continuing to invest in refining infrastructure, the outcome of this study will determine whether the project moves forward. For now, it remains under consideration.

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