ONGC Shares Jump Over 5% After Signing Shipbuilding Contracts With Samsung Heavy

ONGC Shares Jump Over 5% After Signing Shipbuilding Contracts With Samsung Heavy

Mumbai, January 28 (Udaipur Kiran): Shares of Oil and Natural Gas Corporation (ONGC) traded sharply higher on the BSE after the company announced the signing of shipbuilding contracts with Samsung Heavy Industries. ONGC was trading at Rs. 261.85, up by Rs. 13.80 or 5.56 per cent from its previous closing of Rs. 248.05 on the BSE. The stock opened at Rs. 249.00 and touched an intraday high of Rs. 263.20 and a low of Rs. 249.00. A total of 6,80,45…

ONGC–MOL JV selects Samsung Heavy Industries to build two very large ethane carriers - India Seatrade News

A joint venture between state-owned Oil and Natural Gas Corporation Ltd (ONGC) and Japan’s Mitsui O.S.K. Lines, Ltd (MOL) has selected South Korea’s Samsung Heavy Industries Co., Ltd to construct two very large ethane carriers (VLECs) in a deal valued at around $370 million, according to multiple sources. The shipbuilding contract is scheduled to be signed on Tuesday on the sidelines of India Energy Week in Goa, a government official and one of …