ONGC gains on signing Agreement with BP to collaborate on drilling multiple stratigraphic wells in India
Oil & Natural Gas Corporation is currently trading at Rs. 245.00, up by 1.10 points or 0.45% from its previous closing of Rs. 243.90 on the BSE.
The scrip opened at Rs. 244.35 and has touched a high and low of Rs. 246.05 and Rs. 243.35 respectively. So far 268673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 344.60 on 01-Aug-2024 and a 52 week low of Rs. 205.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 246.05 and Rs. 241.10 respectively. The current market cap of the company is Rs. 308216.84 crore.
The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 37.36% and 3.76% respectively.
Oil and Natural Gas Corporation (ONGC) has signed an agreement with global energy giant BP to collaborate on drilling multiple stratigraphic wells in India. This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security.
This is the first of the series of such initiatives which will be done. ONGC has taken the leap to tie up with BP in terms of well design, well location, understanding geology etc. As part of the agreement, ONGC will be putting in money, BP will provide expertise.
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.
.jpg)
