GNRL gains momentum on inking pact with Heramec

Gujarat Natural Resources Ltd. | Oil Exploration | Oil & Gas | BSE: 513536 | NSE: GNRL

05 Dec 2011 Evaluate

Gujarat Natural Resources (GNRL) is currently trading at Rs 124.95, up by 1.80 points or 1.46% from its previous closing of Rs. 123.15 on the BSE.

The scrip opened at Rs 123.30 and has touched a high and low of Rs 126.90 and Rs 122.00 respectively. So far 1786 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 127.00 on 01-Dec-2011 and a 52 week low of Rs 64.70 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs 127.00 and Rs 112.00 respectively. The current market cap of the company is Rs 477.23 crore.

The promoters holding in the company stood at 21.16% while Non-Institutions held 78.84% of stake.

Heramec, a wholly owned step-down subsidiary of Gujarat Natural Resources (GNRL) has signed an agreement regarding its working interest in the Oil & Gas fields located in India subject to its becoming effective only upon receiving necessary regulatory approvals.

This techno-financial alliance will provide the company the much needed latest technical expertise which shall in turn yield better results for the Company.

This arrangement is a result of the sustained and concerted efforts over the last year, by the entire team at Hermec, which will now provide the company with a vehicle to launch its unconventional expertise into India, which in turn will benefit the company’s share holders and also the Joint venture partners and the Government of India as a whole.

GNRL is having producing assets located in the petroliferous Cambay Basin with readily available evacuation infrastructure. It has a portfolio of 6 producing assets currently producing 46 BOPD of oil and 0.67 MMSCFD of gas (Net to the company) - 140 BOEPD net to the Company.

Guj. Natural Resourc Share Price

99.88 -3.40 (-3.29%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	279.25
Oil India	454.40
Jindal Drilling&Inds	535.85
Deep Industries	457.70
Asian Energy Service	297.85
View more..

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