ONGC jumps on relaunching tender to sell gas from KG fields at higher price of $15 per mmBtu

25 Aug 2022 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 137.65, up by 1.65 points or 1.21% from its previous closing of Rs. 136.00 on the BSE.

The scrip opened at Rs. 137.20 and has touched a high and low of Rs. 137.85 and Rs. 136.50 respectively. So far 698451 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 113.40 on 25-Aug-2021.

Last one week high and low of the scrip stood at Rs. 138.60 and Rs. 129.80 respectively. The current market cap of the company is Rs. 173293.35 crore.

The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 27.80% and 13.31% respectively.

Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of $15 per mmBtu as it looks to capitalise on a global surge in energy prices. The company sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal. The reserve price at the current ruling Brent oil price of $101 per barrel comes to more than $15 per mmBtu.

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

140.55 1.20 (0.86%)
25-Nov-2022 18:01 View Price Chart
Peers
Company Name CMP
ONGC 140.55
Oil India 199.80
Jindal Drilling&Inds 313.65
Asian Energy Service 72.10
Hind Oil Exploration 140.10
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