Introduction:
Leading PSU has signed a Share Purchase Agreement to acquire a 100% stake in a major renewable energy firm for ₹19,500 crore. This strategic acquisition strengthens its clean energy portfolio, supporting India’s renewable energy goals and sustainable growth.
Share price movement of ONGC:
On February 13, 2025, Oil and Natural Gas Corporation Ltd (ONGC) opened at ₹239.40, up 0.82% from its previous close of ₹237.45. The stock reached a high of ₹239.40 and a low of ₹235.05. By 1:04 PM, it traded at ₹237.50 (0.02% increase), with a market cap of ₹2,98,781.63 crore.
ONGPL Acquires 100% Stake in Ayana Renewable:
ONGC NTPC Green Private Limited (ONGPL), a joint venture between ONGC Green Limited and NTPC Green Energy Limited, has signed a Share Purchase Agreement (SPA) to acquire a 100% stake in Ayana Renewable Power Private Limited for ₹19,500 crore.
The deal was finalized with National Investment and Infrastructure Fund (NIIF), British International Investment Plc (BII), and Eversource Capital. Ayana, a leading renewable energy platform, has a portfolio of 4.1 GW of operational and under-construction assets across India’s resource-rich states.
This acquisition strengthens ONGPL’s position in India’s clean energy sector. Ayana’s assets are backed by high-credit-rated off-takers, including SECI, NTPC, GUVNL, and Indian Railways, ensuring stable long-term revenue streams and accelerating India’s renewable energy transition.
Recent news on ONGC:
As of February 10, 2025, ONGC has partnered with bp as a Technical Services Provider for Mumbai High, aiming to stabilize declining production and drive growth. bp will receive performance-linked fees based on incremental oil and gas output over two years.
Stock performance of ONGC for Period of 1 week, 6 months and 1 year:
Oil and Natural Gas Corporation Ltd (ONGC) has witnessed a 7.32% decline over the past week, a 28.0% drop in six months, and an 11.7% fall over the past year, reflecting ongoing market challenges impacting its stock performance.
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Shareholding pattern of ONGC:
| Dec 2024 | Sep 2024 | Jun 2024 | |
| Promoter | 58.90% | 58.90% | 58.90% |
| FII | 7.50% | 8.10% | 9% |
| DII | 29.70% | 29.30% | 29.10% |
| Public | 3.90% | 3.70% | 3.50% |
About ONGC:
Oil & Natural Gas Corporation Ltd (NSE: ONGC) is India’s leading oil and gas exploration company. Engaged in upstream hydrocarbon production, ONGC plays a crucial role in India’s energy sector, ensuring energy security through extensive offshore and onshore operations.
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.
