ONGC gains 6% after JVs sign contracts for two Indian-flag ethane carriers with Samsung
News by Aliceblue News Desk
28 Jan 2026
Introduction
Leading energy and maritime firms signed shipbuilding contracts for two Indian-flag Very Large Ethane Carriers to transport 600 KTPA ethane, supporting domestic petrochemical and downstream industries.
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Share price movement of ONGC
On January 28, 2026, Oil and Natural Gas Corporation Limited (ONGC) opened at ₹249.00, up 0.39% from its previous close of ₹248.05. The stock reached a high of ₹266.05 (6.03%) and a low of ₹249.00. By 11:11 AM, it traded at ₹263.00, a 6.03% increase, with a market cap of ₹3,30,861.34 crore.
ONGC JVs Sign Contracts for Indian-Flag Ethane Carriers
ONGC joint venture companies with Mitsui O.S.K. Lines signed shipbuilding contracts with Samsung Heavy Industries for two Very Large Ethane Carriers (VLECs) on January 27, 2026.
The contracts were signed in Goa in the presence of the Petroleum Minister, MoPNG Secretary, and ONGC Chairman. The agreement marks cooperation among India, Japan, and South Korea.
The two VLECs will be Indian-flagged, each with one lakh cubic meters cargo capacity. They will transport about 600 KTPA of ethane for ONGC subsidiary OPaL.
Delivery of the vessels is scheduled in FY 2028–29. Long-term Time Charter agreements ensure stable ethane shipping from the USA, strengthening India’s energy feedstock logistics and industrial self-reliance.
Stock performance of ONGC for Period of 1 week, 6 months, and 1 year
ONGC Ltd delivered a 2.30% return over the past week, gained 4.71% in the past 6 months, and fell 0.29% over the past 1 year.
Also Read: All Time Plastics: Stock in green after empanelment under NECBDC bamboo initiative
Shareholding pattern of ONGC
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 58.90% | 58.90% | 58.90% |
| FII | 7.40% | 7.00% | 7.10% |
| DII | 30.00% | 30.30% | 30.20% |
| Public | 3.70% | 4% | 3.90% |
About ONGC
Oil and Natural Gas Corporation Limited (NSE: ONGC) is India’s largest integrated energy company, leading in exploration, production, refining, and distribution of crude oil and natural gas.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Oil and Natural Gas Corporation Limited share price rising today?
A: ONGC joint ventures signed shipbuilding contracts for two Indian-flag Very Large Ethane Carriers to transport ethane for OPaL.
Q: What is Oil and Natural Gas Corporation Limited’s main business focus?
A: ONGC focuses on exploration, production, refining, and distribution of crude oil and natural gas across India.
Q: What is the 52-week high and low of Oil and Natural Gas Corporation Limited stock?
A: ONGC stock has a 52-week high of ₹266.05 and a 52-week low of ₹205.00.
News Author
Aliceblue News Desk
