ONGC shines after inviting bids for KG offshore gas

13 Apr 2021 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 101.95, up by 3.90 points or 3.98% from its previous closing of Rs. 98.05 on the BSE.

The scrip opened at Rs. 98.05 and has touched a high and low of Rs. 102.50 and Rs. 98.05 respectively. So far 821846 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 122.30 on 08-Mar-2021 and a 52 week low of Rs. 60.90 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 105.65 and Rs. 97.45 respectively. The current market cap of the company is Rs. 128004.34 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 25.56% and 14.03% respectively.

Oil and Natural Gas Corporation (ONGC) has invited bids for the sale of initial 2 million standard cubic meters per day of gas from its KG basin fields at a minimum price of $ 6.6 per mmBtu. According to the tender document, ONGC intends to start natural gas sale from its KG-DWN-98/2 block, which sits next to Reliance Industries (RIL)-BP Plc operated KG-D6 fields, from June-end.

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

267.85 6.00 (2.29%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
ONGC 267.85
Oil India 600.10
Jindal Drilling&Inds 613.25
Hind Oil Exploration 178.85
Deep Industries 308.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.