Mumbai, October 7 (Udaipur Kiran): Shares of Oil and Natural Gas Corporation (ONGC) were trading higher on Monday after the company announced a major investment of ₹8,110 crore for the onshore development and production of oil and gas from 172 wells across eight PML (Production Mining License) blocks in Andhra Pradesh.
The stock was trading at ₹245.70, up ₹2.05 or 0.84%, compared to its previous close of ₹243.65 on the BSE. The scrip opened at ₹243.55 and touched an intraday high of ₹247.55 and a low of ₹243.00. A total of 2,34,704 shares were traded on the counter during the session.
The BSE Group ‘A’ stock, with a face value of ₹5, has recorded a 52-week high of ₹299.55 (October 4, 2024) and a 52-week low of ₹205.00 (April 7, 2025). Over the past week, the stock traded between ₹247.55 and ₹238.10. ONGC’s market capitalisation currently stands at ₹3,09,160.36 crore.
The company’s promoter shareholding stands at 58.89%, while institutional investors hold 37.24%, and non-institutional investors account for 3.88%.
According to official updates, the Ministry of Environment, Forest and Climate Change (MoEFCC) has granted Environmental Clearance for the Andhra Pradesh project in September 2025, with the condition that ONGC must adhere to all proposed environmental protection measures and safeguards outlined in its submissions.
This investment aligns with ONGC’s strategy to enhance domestic energy production and reduce import dependency by tapping into onshore reserves.
ONGC is India’s largest government-run oil and gas company, responsible for producing around 70% of the nation’s crude oil and natural gas, and remains one of the biggest public sector commercial enterprises in the country.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
