Mumbai, January 28 (Udaipur Kiran): Shares of Oil and Natural Gas Corporation (ONGC) traded sharply higher on the BSE after the company announced the signing of shipbuilding contracts with Samsung Heavy Industries.
ONGC was trading at Rs. 261.85, up by Rs. 13.80 or 5.56 per cent from its previous closing of Rs. 248.05 on the BSE. The stock opened at Rs. 249.00 and touched an intraday high of Rs. 263.20 and a low of Rs. 249.00. A total of 6,80,450 shares were traded on the counter during the session.
The BSE Group ‘A’ stock, with a face value of Rs. 5, has touched a 52-week high of Rs. 263.45 on January 31, 2025, and a 52-week low of Rs. 205.00 on April 7, 2025. Over the past one week, the scrip moved between a high of Rs. 263.20 and a low of Rs. 241.60. The company’s current market capitalisation stands at Rs. 3,24,634.10 crore.
Promoters hold a 58.89 per cent stake in the company, while institutional investors and non-institutional investors hold 37.42 per cent and 3.70 per cent respectively.
ONGC, through its joint venture companies with Mitsui O.S.K. Lines (MOL), Japan, has entered into Ship Building Contracts with Samsung Heavy Industries, South Korea, for the construction of two Very Large Ethane Carriers (VLECs). The contracts were signed on January 27, 2026.
According to the company, the fast-tracked conclusion of the contracts reflects strong industrial cooperation among India, Japan and South Korea. The initiative is aimed at strengthening India’s energy ecosystem by securing specialised marine logistics for critical feedstock, improving supply chain resilience and supporting long-term industrial self-reliance.
ONGC is India’s largest government-run energy company and accounts for a significant share of the country’s crude oil and natural gas production.
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.