Oil & Natural Gas Corporation is currently trading at Rs 440.40, up by 5.25 points or 1.21% from its previous closing of Rs. 435.15 on the BSE.
The scrip opened at Rs 439.15 and has touched a high and low of Rs 441.70 and Rs 436.45 respectively. So far 230207 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 472.00 on 09-Jun-2014 and a 52 week low of Rs. 241.00 on 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 438.80 and Rs. 412.10 respectively. The current market cap of the company is Rs. 377126.00 crore.
The promoters holding in the company stood at 68.94 % while Institutions and Non-Institutions held 17.51 % and 13.56 % respectively.
In a bid to enhance natural gas and condensate production from the Tapti Daman block in the Western offshore, ONGC will invest Rs 5,219 crore in the Daman development project. The company has already received its board’s approval for the same.
The peak production rate is expected to hit 8.35 mmscmd and 9,286 barrels of condensate a day by July 2016. The cumulative production till 2034-35 is pegged at 27.67 billion cubic meters of gas and 5.01 million cubic meters of condensate. The gas and condensate will be evacuated to Hazira through Tapti Process facilities of the Tapti-JV.
ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.
| Company Name | CMP |
|---|---|
| ONGC | 283.05 |
| Oil India | 465.35 |
| Jindal Drilling&Inds | 535.35 |
| Deep Industries | 473.85 |
| Asian Energy Service | 312.75 |
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