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ONGC gains on plan to make a multi-billion dollar investment in KG-basin block

14 Mar 2016 Evaluate

ONGC is currently trading at Rs. 207.50, up by 2.40 points or 1.17% from its previous closing of Rs. 205.10 on the BSE.

The scrip opened at Rs. 208.30 and has touched a high and low of Rs. 208.30 and Rs. 206.05 respectively. So far 2,29,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 343.00 on 05-May-2015 and a 52 week low of Rs. 188.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 209.00 and Rs. 200.00 respectively. The current market cap of the company is Rs. 1,77,483.00 crore.

The promoters holding in the company stood at 68.93%, while Institutions and Non-Institutions held 17.49% and 13.57% respectively.

State-owned Oil and Natural Gas Corporation (ONGC) is planning to make a multi-billion dollar investment in the KG-DWN 98/2 Cluster 2 block in FY17.  The pool planned capex for the next fiscal is about Rs 30,000 crore.

In 2015-16, the company approved six projects of projected costs of Rs 14,000 crore and total production potential of 23 mt of oil and oil equivalent of gas. Eleven projects were completed in FY16.

ONGC is India's largest government-run corporation and produces about 70% of India's crude oil and natural gas. The corporation is the biggest public sector commercial organization in India with current market capitalization of about $31 billion.


ONGC Share Price

288.65 -1.15 (-0.40%)
06-May-2026 09:26 View Price Chart
Peers
Company Name CMP
ONGC 288.65
Oil India 473.75
Jindal Drilling&Inds 532.50
Deep Industries 475.20
Asian Energy Service 317.40
View more..

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