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ONGC trades in green on getting nod for $560 million Rajasthan project

13 Sep 2013 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs 280.00, up by 0.65 points or 0.23% from its previous closing of Rs. 279.35 on the BSE.

The scrip opened at Rs 277.00 and has touched a high and low of Rs 281.50 and Rs 274.70 respectively. So far 38143 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 354.10 on 18-Jan-2013 and a 52 week low of Rs 234.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 298.25 and Rs 269.40 respectively. The current market cap of the company is Rs 238997.62 crore.

The promoters holding in the company stood at 69.23%, while Institutions and Non-Institutions held 17.08% and 13.70% respectively.

Oil and Natural Gas Corporation (ONGC) has received its board’s approval for $560 million project for enhancing oil recovery at the prolific Rajasthan oilfields. Post ONGC approval, the proposal will now go to the block oversight panel, called the Management Committee headed by oil regulator DGH.

Cairn India, which owns 70 percent of the fields, had in June last year submitted a draft Enhanced Oil Recovery (EOR) plan for the Mangala oilfield, the largest among the 26 oil and gas find it has made in the Barmer district block.

ONGC, which holds the remaining 30 percent interest in the block, did extensive studies before approving of the EOR investment plan.

ONGC Share Price

283.95 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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