ONGC is currently trading at Rs. 278.80, up by 1.00 points or 0.36% from its previous closing of Rs. 277.80 on the BSE.
The scrip opened at Rs. 278.45 and has touched a high and low of Rs. 281.40 and Rs. 277.80 respectively. So far 55,000 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. 240.10 on 23-May-2012.
Last one week high and low of the scrip stood at Rs. 281.90 and Rs. 268.25 respectively. The current market cap of the company is Rs. 2, 38,527 crore.
The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 16.96% and 13.82% respectively.
Oil and Natural Gas Corporation’s (ONGC) - wholly owned subsidiary - ONGC Videsh (OVL) has signed definitive agreements for the acquisition of Hess Corporation’s 2.7213% participating interest in the Azeri, Chirag and the Deep Water Portion of Guneshli Fields in the Azerbaijan sector of the Caspian Sea (ACG) and 2.36% interest in the Baku-Tbilisi-Ceyhan Pipeline (BTC), for $1 billion. The acquisition is subject to relevant government and regulatory approvals and is expected to close by the first quarter of 2013.
This acquisition would mark ONGC Videsh’s entry into oil rich Azerbaijan and is consistent with its stated strategic objective of adding high quality international assets to its existing E&P portfolio. The acquisition would bring 9% additional proved reserves to ONGC Videsh portfolio and also bears significant strategic importance to India in terms of contributing towards India’s energy security.
ACG, which is located in the south Caspian Sea about 95 km off the coast of Azerbaijan, is the largest oil and gas field complex in Azerbaijan and is one of the largest producing oil fields in the world. BP operates ACG and is partnered by State Oil Company of Azerbaijan Republic (SOCAR), Chevron, Statoil, ExxonMobil, Inpex, Turkish NOC - TPAO and Itochu. Average daily production from the field is around 700,000 bopd of crude oil.
| Company Name | CMP |
|---|---|
| ONGC | 243.45 |
| Oil India | 439.55 |
| Jindal Drilling&Inds | 748.25 |
| Hind Oil Exploration | 195.35 |
| Deep Industries | 606.35 |
| View more.. | |
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