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Oil & Natural Gas Corporation is currently trading at Rs. 156.30, up by 2.25 points or 1.46% from its previous closing of Rs. 154.05 on the BSE.

The scrip opened at Rs. 154.30 and has touched a high and low of Rs. 156.60 and Rs. 154.30 respectively. So far 501826 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 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. 156.60 and Rs. 152.55 respectively. The current market cap of the company is Rs. 196629.76 crore.

The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 38.15% and 2.95% respectively.

Oil and Natural Gas Corporation (ONGC) has signed a memorandum of understanding (MoU) with Iceland GeoSurvey (ISOR), taking a significant step towards the exploration and development of geothermal energy in India.

This collaborative agreement between ONGC and ISOR aligns with the formation of a Task Force during the India-Nordic Summit held in 2022 in Copenhagen. The governments of India and Iceland initiated this Task Force with the purpose of exploring and developing geothermal energy resources in India. The MoU acts as a comprehensive framework for cooperation, facilitating joint efforts in the exploration and development of geothermal energy at mutually agreed-upon locations within India.

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.