Wednesday , November 13 2019
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ONGC shines on inking MoU with EXXON-Mobil

Oil & Natural Gas Corporation is currently trading at Rs. 137.35, up by 2.15 points or 1.59% from its previous closing of Rs. 135.20 on the BSE.

The scrip opened at Rs. 136.60 and has touched a high and low of Rs. 138.00 and Rs. 135.40 respectively. So far 280340 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 178.95 on 23-May-2019 and a 52 week low of Rs. 115.55 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 138.00 and Rs. 123.95 respectively. The current market cap of the company is Rs. 171217.60 crore.

The promoters holding in the company stood at 64.25%, while Institutions and Non-Institutions held 22.22% and 13.53% respectively.

Oil and Natural Gas Corporation (ONGC) has inked memorandum of understanding (MoU) with EXXON-Mobil to identify areas for exploration in deep water in east and west coast of India. ONGC & EXXON-Mobil will also identify areas in the open acreage for submission of EoI & joint bidding for future OALP rounds.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.