28 Jan 2026

ONGC Shares Rally as Firm Signs Strategic Shipbuilding Contracts to Bolster Energy Logistics

Oil & Natural Gas Corporation (ONGC) is currently trading at RS 261.85, up by 13.80 points (5.56%) from its previous closing of RS 248.05 on the BSE.

The scrip opened at RS 249.00 and recorded a high and low of RS 263.20 and RS 249.00 respectively. A total of 6,80,450 shares have been traded so far on the counter.

The BSE Group ‘A’ stock with face value RS 5 has touched a 52-week high of RS 263.45 (31-Jan-2025) and a 52-week low of RS 205.00 (07-Apr-2025).

Over the last week, the stock hit a high of RS 263.20 and a low of RS 241.60. The current market capitalization of the company stands at RS 3,24,634.10 crore.

Shareholding stood as follows: Promoters at 58.89%, Institutions at 37.42%, and Non-Institutions at 3.70%.

Corporate Development:
ONGC, through its joint venture companies with Mitsui O.S.K. Lines (MOL), Japan, has signed Ship Building Contracts (SBCs) with Samsung Heavy Industries, South Korea, for constructing two state-of-the-art Very Large Ethane Carriers (VLECs) on 27 January 2026. The expedited deal highlights strong trilateral cooperation among India, Japan, and South Korea.

The initiative aims to strengthen India’s energy ecosystem by securing specialized marine logistics for critical feedstock, enhancing supply chain resilience, and enabling long-term industrial self-reliance. With dedicated Indian-flag ethane carriers, ONGC is boosting national resilience against external disruptions and supporting seamless operations in petrochemical and downstream value chains.

ONGC remains India’s largest government-run energy corporation, producing nearly 70% of the country’s crude oil and natural gas and continues to be one of India's largest public sector commercial enterprises.