Oil & Natural Gas Corporation is currently trading at Rs. 149.10, up by 0.90 points or 0.61% from its previous closing of Rs. 148.20 on the BSE.

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ONGC

The scrip opened at Rs. 148.95 and has touched a high and low of Rs. 150.30 and Rs. 148.65 respectively. So far 472039 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 119.80 on 06-Jul-2022.

Last one week high and low of the scrip stood at Rs. 150.30 and Rs. 144.20 respectively. The current market cap of the company is Rs. 187257.46 crore.

The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 37.79% and 3.32% respectively.

Oil and Natural Gas Corporation’s (ONGC) overseas arm — ONGC Videsh (OVL) has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia. Russian President Vladimir Putin in October last year disbanded Exxon Neftegaz – a regional subsidiary of US super major ExxonMobil – as operator of the Sakhalin-1 and transferred the project and all of its assets and equipment to a new operator.

The other former foreign shareholders in the project – Japan’s Sodeco consortium and ONGC Videsh – were asked to apply to the Russian government to regain their shareholdings in the project. OVL applied and has been given the same shareholding as it had previously.

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.