Oil & Natural Gas Corporation Ltd.

Oil & Natural Gas Corporation is currently trading at Rs. 183.45, up by 3.35 points or 1.86% from its previous closing of Rs. 180.10 on the BSE.

The scrip opened at Rs. 180.80 and has touched a high and low of Rs. 184.70 and Rs. 180.60 respectively. So far 126483 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.90 on 25-Jan-2018 and a 52 week low of Rs. 152.45 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 184.70 and Rs. 170.10 respectively. The current market cap of the company is Rs. 235297.37 crore.

The promoters holding in the company stood at 67.45%, while Institutions and Non-Institutions held 18.99% and 13.56% respectively.

Oil and Natural Gas Corporation (ONGC) has received approval from the Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change for additional development drilling of 72 wells in the Krishna-Godavari basin. The project is related to the additional development drilling of 72 wells in East Godavari, West Godavari and Krishna districts of Andhra Pradesh with an investment outlay of Rs 792 crore.

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.