Oil & Natural Gas Corporation Ltd.

Oil & Natural Gas Corporation is currently trading at Rs. 102.65, up by 2.95 points or 2.96% from its previous closing of Rs. 99.70 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 103.30 and Rs. 99.80 respectively. So far 3669936 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 109.50 on 10-Feb-2020 and a 52 week low of Rs. 51.80 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 103.30 and Rs. 93.00 respectively. The current market cap of the company is Rs. 129262.37 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 25.38% and 14.21% respectively.

Oil and Natural Gas Corporation (ONGC) is going to implement India’s maiden geothermal field development project in Ladakh that will use the heat generated by the Earth’s core to generate clean energy.

A memorandum of understanding (MoU) to formalise this has been inked by ONGC Energy Centre (OEC) with the Union Territory of Ladakh and Ladakh Autonomous Hill Development Council, Leh on February 6. This project of ONGC will put India on geothermal power map of the world.

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.