Oil & Natural Gas Corporation Ltd.
BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
238.50
2.10 (0.89%) ONGC secures all 7 blocks in fourth round of OALP auction
Date: 03-01-2020Oil and Natural Gas Corporation (ONGC) has secured all the blocks on offer in the fourth round of Open Acreage Licensing Policy (OALP). ONGC had bid for all the seven blocks on offer, while Oil India (OIL) had bid for just one block.
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.