ONGC to raise up to Rs 1,140 crore through NCDs
20th Oct 2020

Oil and Natural Gas Corporation’s (ONGC) board of directors has approved the offer and issuance of up to 11,400 unsecured, listed, redeemable, non-cumulative, taxable, NCDs of face value of Rs 10,00,000 at par aggregating to a total issue size of up to Rs 1,140 crore on a private placement basis to identified investors at the interest rate of 4.64% p.a. payable annually.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.