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ONGC raises Rs 1500 crore through NCDs

11 Jan 2021 Evaluate

Oil and Natural Gas Corporation (ONGC) has raised Rs 1500 crore through unsecured, listed, redeemable, non-cumulative, taxable, non-convertible debentures (NCDs) and allotted 15,000 NCDs having f face value of Rs 10,00,000 each to identified persons at the interest rate of 4.50% p.a. payable annually. 

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.

Peers
Company Name CMP
ONGC 225.50
Oil India 444.40
Jindal Drilling&Inds 585.60
Deep Industries 745.85
Asian Energy Service 458.45
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