ONGC zooms on making investment in equity shares of ONGC Green
Oil & Natural Gas Corporation is currently trading at Rs. 252.15, up by 9.95 points or 4.11% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 242.25 and has touched a high and low of Rs. 253.00 and Rs. 242.25 respectively. So far 516321 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. 215.20 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 253.00 and Rs. 238.45 respectively. The current market cap of the company is Rs. 317148.84 crore.
The promoters holding in the company stood at 58.89%, while Institutions and Non-Institutions held 37.24% and 3.87% respectively.
Oil & Natural Gas Corporation (ONGC) has made investment of Rs 3,300 crore in equity shares of ONGC Green (OGL), a wholly owned subsidiary of the Company, by way of subscription on right basis.
The investment proceeds were utilised by OGL for a further investment of Rs 3,152.50 crore in equity shares of ‘ONGC NTPC Green’ (ONGPL), a 50:50 joint venture company of OGL and NTPC Green Energy (NGEL), by way of subscription on right basis. The same amount of investment was made by NTPC Green Energy, the other Promoter of ONGPL, to maintain shareholding structure of the ONGPL.
Further, ONGPL has completed acquisition of 100% equity stake in Ayana Renewable Power (Ayana) on March 27, 2025. Ayana, a leading Renewable Energy platform, has approximately 4.1 GW of operational and under-construction assets, strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.
By way of this acquisition through ONGPL, ONGC will scale up its investments in the renewable energy sector to achieve its objectives of de-risking its portfolio against long-term disruptions and reducing its carbon footprint by making strategic investments in the energy transition space.
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.
