Oil and Natural Gas Corporation (ONGC) has raised Rs 1,000 crore and allotted 10,000 non-convertible debentures (NCDs) of face value of Rs 10,00,000, on a private placement basis to identified investors at the interest rate of 6.40% p.a. payable annually. The said NCDs are proposed to be listed on the wholesale debt market segment of BSE.
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.
