ONGC moves higher as its overseas arm raises $1 billion through bonds to fund Vankor acquisition

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

19 Dec 2016 Evaluate

Oil & Natural Gas Corporation (ONGC) is currently trading at Rs 202.45, up by 0.75 points or 0.37% from its previous closing of Rs. 201.70 on the BSE.

The scrip opened at Rs. 203.50 and has touched a high and low of Rs. 203.60 and Rs. 200.50 respectively. So far 51959 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 210.11 on 13-Dec-2016 and a 52 week low of Rs. 125.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 210.11 and Rs. 200.50 respectively. The current market cap of the company is Rs. 258846.35 crore.

The promoters holding in the company stood at 68.93%, while Institutions and Non-Institutions held 17.31% and 13.75% respectively.

ONGC’s overseas arm - ONGC Videsh (OVL) has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15% stake in Russia’s second biggest oil field Vankor. The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition.

OVL has raised $600 million through a 10-year bond at a coupon rate of US treasury rate plus 2.20 percent and another $400 million through a 5.5-year maturity bond at an interest rate of US treasury rate plus 1.75 percent. The effective rate comes to 3.75 percent for $600 million bond and 2.875 percent for $400 million papers.

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

280.70 -9.10 (-3.14%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	280.70
Oil India	449.80
Jindal Drilling&Inds	525.80
Deep Industries	456.75
Asian Energy Service	297.55
View more..

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