ONGC gains marginally on announcement of new gas discovery
DSIJ Intelligence / 31 Jul 2017
Oil and Natural Gas Corporation (ONGC) has sought pricing and marketing freedom to help bring to production a one-trillion cubic feet gas discovery that will open up a new sedimentary basin after over three decades.
Oil and Natural Gas Corporation (ONGC) has sought pricing and marketing freedom to help bring to production a one-trillion cubic feet gas discovery that will open up a new sedimentary basin after over three decades.
The state-owned company has made a significant natural gas discovery in the Gulf of Kutch of Gujarat coast that can produce about three million standard cubic meters per day.
India has 26 sedimentary basins, of which only seven have commercial production of oil and gas.
Meanwhile, ONGC’s stock on the bourses gained marginally in Monday’s intra-day trade. The stock on BSE traded at Rs 167.90 per share, gaining 1.94%. On NSE, the stock attracted a traded volume of 49,27,911 shares and a traded value of Rs 8,262.63 lakh.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.