ONGC shines on signing ship building contracts with Samsung Heavy Industries

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

28 Jan 2026 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 261.85, up by 13.80 points or 5.56% from its previous closing of Rs. 248.05 on the BSE.

The scrip opened at Rs. 249.00 and has touched a high and low of Rs. 263.20 and Rs. 249.00 respectively. So far 680450 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 263.45 on 31-Jan-2025 and a 52 week low of Rs. 205.00 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 263.20 and Rs. 241.60 respectively. The current market cap of the company is Rs. 324634.10 crore.

The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 37.42% and 3.70% respectively.

Oil and Natural Gas Corporation (ONGC), through its joint venture companies with M/s Mitsui O.S.K. Lines (MOL), Japan, has entered into Ship Building Contracts (SBCs) with M/s Samsung Heavy Industries, South Korea, for the construction of two state-of-the-art Very Large Ethane Carriers (VLECs) on 27 January 2026. The fast-tracked conclusion of these SBCs reflects strong trilateral cooperation and industrial partnership among India, Japan and South Korea.

This initiative is a strategic step toward strengthening India’s energy ecosystem by securing specialized marine logistics for critical feedstock, improving supply chain resilience, and enabling long-term industrial self-reliance. By creating dedicated, Indian-flag ethane shipping capacity, ONGC is reinforcing national resilience against external disruptions, supporting continuity of operations across petrochemicals and downstream value chains that rely on stable, predictable input supplies.

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

292.80 -6.55 (-2.19%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	292.80
Oil India	475.35
Jindal Drilling&Inds	531.00
Deep Industries	486.05
Asian Energy Service	327.60
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