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ONGC surges as its arm commissions 0.65 MMTPA CHT Unit

15 May 2014 Evaluate

ONGC is currently trading at Rs. 377.45, up by 8.85 points or 2.40% from its previous closing of Rs. 368.60 on the BSE.

The scrip opened at Rs. 368.60 and has touched a high and low of Rs. 378.00 and Rs. 363.75 respectively. So far 411333 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 380.05 on 13-May-2014 and a 52 week low of Rs. 234.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 380.05 and Rs. 329.10 respectively. The current market cap of the company is Rs. 321173.10 crore.

The promoters holding in the company stood at 68.94% while Institutions and Non-Institutions held 17.52% and 13.54% respectively.

Oil and Natural Gas Corporation’s (ONGC) arm - Mangalore Refinery & Petrochemicals’ (MRPL) 0.65 MMTPA Coker Heavy Gas Oil Hydro Treating Unit (CHTU), a secondary processing facility of the Phase III Upgradation and Refinery Expansion Project of the company went on stream. The CHT Unit has been built with an investment of about Rs 443 crore with technology supplied by UOP and executed by Technimont ICB India.

The VGO (Vacuum Gas Oil) feed cut in was done on May 10, 2014 and the product hydro treated VGO was routed out on May 11, 2014 to PFCCU (Petroleum Fluidized Catalytic Convertor Unit) feed tank. The pre-commissioning / commissioning activities of PFCCU that is part of MRPL Phase III is progressing rapidly. CHT Unit is designed to treat Coker Heavy Gas Oil (HCGO) and VGO to produce low sulphur.

ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.

ONGC Share Price

284.20 0.85 (0.30%)
21-Apr-2026 10:09 View Price Chart
Peers
Company Name CMP
ONGC 284.20
Oil India 470.20
Jindal Drilling&Inds 544.30
Deep Industries 478.60
Asian Energy Service 311.50
View more..

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