ONGC Share Price in Focus; Begins Gas Monetisation at Chinnewala Tibba in Rajasthan’s RKOEA

Oil and Natural Gas Corporation Limited (ONGC) has announced the start of natural gas sales from the Chinnewala Tibba block (RJ/ONDSF/Chinnewala/2018), marking a significant step in monetising resources under the Discovered Small Field (DSF-II) framework. The operations commenced on August 25, 2025, at the Rajasthan Kutch Onland Exploratory Asset (RKOEA).

Chinnewala Tibba Gas Sales Begin with Supply to RRVUNL

Located in Western Rajasthan near the Indo-Pak border, the Chinnewala Tibba block spans 73 sq. km and holds promising reserves. ONGC has begun sales of 1.0 lakh standard cubic meters of gas per day (LSCMD), contributing to growing energy needs in the region and reinforcing India’s focus on domestic production.

Gas evacuation has started to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), Ramgarh, via ONGC’s Gamnewala Gas Collection Station (GCS).

This seamless integration was made possible through the collaboration of ONGC with the Directorate General of Hydrocarbons (DGH), GAIL, Oil India Limited (OIL), and RRVUNL.

ONGC Leadership Highlights Energy Security Goals

The inauguration ceremony was attended by ONGC Director (Strategy & Corporate Affairs) Shri Arunangshu Sarkar and Director (Exploration) Shri Om Prakash Sinha, along with senior dignitaries.

Speaking at the event, ONGC officials emphasised that the monetisation of Chinnewala Tibba reflects the company’s focus on efficient resource utilisation and value creation, in line with the government’s broader vision of strengthening national energy security.

Read More: ONGC and Engineers India to Build ₹39.42 Crore Helium Recovery Plant in Tamil Nadu.

ONGC Share Price Performance

Oil & Natural Gas Corporation Limited (ONGC) shares were trading at ₹235.05, down ₹1.71 or 0.72% from the previous close of ₹236.76. The stock opened marginally lower at ₹236.66 and moved between a high of ₹237.30 and a low of ₹234.85 in early trade.

The volume-weighted average price (VWAP) stood at ₹235.61, reflecting mild weakness as investors tracked sectoral developments and broader market cues.

Conclusion

The commencement of gas production from Chinnewala Tibba marks a milestone for ONGC and India’s energy sector, demonstrating how DSF initiatives are unlocking domestic reserves. With its commitment to collaboration and innovation, ONGC continues to play a pivotal role in supporting the Government of India’s long-term energy goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.