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ONGC rises on receiving EC for Rs 3,500 crore project in Assam

27 Dec 2019 Evaluate

Oil and Natural Gas Corporation is currently trading at Rs. 128.25, up by 0.20 points or 0.16% from its previous closing of Rs. 128.05 on the BSE.

The scrip opened at Rs. 129.15 and has touched a high and low of Rs. 129.80 and Rs. 127.20 respectively. So far 205381 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 178.95 on 23-May-2019 and a 52 week low of Rs. 115.55 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 129.80 and Rs. 124.10 respectively. The current market cap of the company is Rs. 161971.09 crore.

The promoters holding in the company stood at 62.98%, while Institutions and Non-Institutions held 24.24% and 12.79% respectively.

Oil and Natural Gas Corporation (ONGC) has received Environment Clearance (EC) for carrying out onshore exploration, development and production of oil and gas in 100 locations in non-forest area of Assam, that would entail an investment of Rs 3,500 crore. The Union Environment Ministry has given green clearance to the company, after taking into account the recommendations of a green panel.

The company proposes to carry out drilling in 100 locations to evaluate the hydrocarbon potential of 21 different onshore Petroleum Mining Lease (PML) blocks in a non-forest area covering 944.39 km in Assam and Assam Arakan Basin covering whole of the Upper Assam North in Sivasagar district.

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.

ONGC Share Price

284.95 -1.25 (-0.44%)
24-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
ONGC 284.95
Oil India 472.85
Jindal Drilling&Inds 535.35
Deep Industries 503.00
Asian Energy Service 308.55
View more..

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