ONGC inches up as its Tripura unit gets set to supply gas

09 Jul 2012 Evaluate

Oil & Natural Gas Corporation (ONGC) is currently trading at Rs 280.15, up by 1.50 points or 0.54% from its previous closing of Rs 278.65 on the BSE.

The scrip opened at Rs 278.50 and has touched a high and low of Rs 280.35 and Rs 276.45 respectively. So far 31290 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 303.90 on 22-Feb-2012 and a 52 week low of Rs 226.95 on 15-Jul-2012.

Last one week high and low of the scrip stood at Rs 292.55 and Rs 274.30 respectively. The current market cap of the company is Rs 239382.61 crore.

The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 17.06% and 13.72% respectively.

The unit will release required 2.6 mmscmd for the first phase of 726.6-MW gas-based power project at Palatana   State run, Oil and Natural Gas Corporation’s (ONGC) Tripura unit is all set to supply gas to the ONGC-Tripura Power Corporation (OTPC) from July 9. The unit will release required 2.6 million standard cubic metre of gas per day (mmscmd) for the first phase of 726.6-MW gas-based power project at Palatana in Gomati district.

OTPC, a 726.6 MW gas-based power project at Palatana, would supply to the needs of power-deficit areas of north-eastern states of the country. Further, Northeast Power Trading Company has already started erecting transmission line from Palatana to Bongaigaon in Assam.

Recently, ONGC received a massive kitty of 121,207 carbon credits for its 51 megawatt (MW) wind power project located at Bhuj in Gujarat, on June 07, 2012. The company received the credits from the United Nations body on Climate Change (UNFCCC - United Nations Framework Convention on Climate Change).

ONGC Share Price

240.25 -4.10 (-1.68%)
19-Dec-2024 09:10 View Price Chart
Peers
Company Name CMP
ONGC 240.25
Oil India 439.35
Jindal Drilling&Inds 774.40
Hind Oil Exploration 190.00
Deep Industries 612.60
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