ONGC gains on recording highest ever quarterly gas sales from Assam Asset

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

27 Feb 2012 Evaluate

ONGC is currently trading at Rs. 285.00, up by 0.75 points or 0.26% from its previous closing of Rs. 284.25 on the BSE.

The scrip opened at Rs. 285.20 and has touched a high and low of Rs. 288.80 and Rs. 281.80 respectively. So far 101931 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 325.50 on 29-Apr-2011 and a 52 week low of Rs. 226.95 on 15-Jul-2011.

Last one week high and low of the scrip stood at Rs. 303.90 and Rs. 281.25 respectively. The current market cap of the company is Rs. 245328.68 crore.

The promoters holding in the company stood at 74.14% while Institutions and Non-Institutions held 12.12% and 13.74% respectively.

State-owned Oil and Natural Gas Corporation’s (ONGC) Assam Asset has recorded the highest ever quarterly gas sales in a decade and attained the oil production target at 100.1 percent (0.3031 million metric tonne) against the planned figure of 0.3028 MMT on the last day of the quarter.

The company's Assam asset also reported augmentation of about 8-10 percent in asset gas sales over prior quarters and tapped the highest daily gas sales figure of 761,457 LSCMD on November 22, 2011, achieving the highest ever quarterly gas sales figure of 65.3 mmscmd since 2001-02.

On the gas production front, the asses improved its earlier performance by achieving a production level of 123.9 mmscmd against the planned 119.3 mmscmd.

Further, the Assam Asset is eyeing an annual target of 250 mmscmd, which will be the highest in last 10 years and is pursuing the matter aggressively with the government authorities.

ONGC Share Price

299.35 -1.95 (-0.65%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	299.35
Oil India	490.85
Jindal Drilling&Inds	540.75
Deep Industries	484.40
Asian Energy Service	319.15
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