ONGC trades with traction on the BSE

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

24 May 2012 Evaluate

ONGC is currently trading at Rs. 252.90, up by 9.90 points or 4.07% from its previous closing of Rs. 243.00 on the BSE.

The scrip opened at Rs. 251.00 and has touched a high and low of Rs. 255.95 and Rs. 248.55 respectively. So far 3, 66,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 303.90 on 22-Feb-2012 and a 52 week low of Rs. 226.95 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 255.95 and Rs. 240.10 respectively. The current market cap of the company is Rs. 2, 16,368 crore.

The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 17.06% and 13.72% respectively.

Oil and Natural Gas Corporation’s (ONGC’s) overseas arm ONGC Videsh is reportedly in discussion with UK-listed Falkland Oil and Gas (FOGL) to buy 25% stake in two exploration blocks, lying 350 miles off the Southern tip of Argentina. The blocks are situated in the south and east Falkland basins in water depths ranging from 500 meter to 2,000 meter. The resources estimate of 15 prospects identified may hold up to 15 billion barrels of oil equivalent or 46 Trillion cubic feet of gas reserves.

FOGL, an oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, will retain operatorship of the licence.

ONGC Videsh will contribute its pro-rata share of 2012 drilling programme, comprising two exploration wells as per the terms being discussed with FOGL. ONGC Videsh will also pay its pro-rata share of certain historical costs incurred during 2011 related to preparation for drilling this year and the costs incurred are estimated to be $68 million. Besides, ONGC Videsh would make cash payment of $40 million.

ONGC Share Price

246.20 0.85 (0.35%)

19-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	246.20
Oil India	418.05
Jindal Drilling&Inds	580.50
Deep Industries	486.40
Asian Energy Service	368.15
View more..

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