ONGC is currently trading at Rs. 289.60, up by 0.25 points or 0.09% from its previous closing of Rs. 289.25 on the BSE.
The scrip opened at Rs. 291.00 and has touched a high and low of Rs. 291.15 and Rs. 288.30 respectively. So far 28,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 354.10 on 18-Jan-2013 and a 52 week low of Rs. 234.40 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 294.00 and Rs. 284.75 respectively. The current market cap of the company is Rs. 2, 47,766 crore.
The promoters holding in the company stood at 69.23% while Institutions and Non-Institutions held 17.13% and 13.65% respectively. Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary- ONGC Videsh, through its affiliate has acquired an additional 12% Participating Interest ( PI) in Block BC-10, a deepwater offshore block in Campos Basin, Brazil taking its total PI in the block to 27%. The operator, Shell holds the balance 73% PI in the block.
ONGC Videsh had acquired 15 % PI in Block BC-10 in 2006. The other partners in the block were Shell, Operator with 50% PI and Petrobras with 35% PI. In August 2013, Petrobras entered into an agreement with Sinochem for sale of its 35% PI in the block. This agreement was subject to pre-emption rights of the partners. Shell and ONGC Videsh exercised their pre-emption rights for acquisition of 23% PI and 12% PI respectively. On approval of the Brazilian regulatory authorities for acquisition, the transaction has been completed on 30th December, 2013. ONGC Videsh has paid a purchase consideration of $ 561 million for 12% stake in the block.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
| Company Name | CMP |
|---|---|
| ONGC | 242.20 |
| Oil India | 486.15 |
| Jindal Drilling&Inds | 732.35 |
| Hind Oil Exploration | 185.50 |
| Deep Industries | 491.75 |
| View more.. | |
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