State-run oil exploration giant, Oil &amp; Natural Gas Corporation (ONGC) rose 3.24 per cent to close at Rs 876.80 on reports that the company is in talks with UK's Imperial Energy Corporation (Imperial) to form an alliance, which could include buying a stake in the latter.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>The London Stock Exchange-listed Imperial has 450 million barrels of reserves at its Russian fields and plans to produce 25,000 barrels of oil a day by the end of this year. The shares of ONGC hit an intraday high of Rs 902.90 and a low of Rs 839. </P></p><p class='TableClas'></p></table>


State-run oil exploration giant, Oil & Natural Gas Corporation (ONGC) rose 3.24 per cent to close at Rs 876.80 on reports that the company is in talks with UK's Imperial Energy Corporation (Imperial) to form an alliance, which could include buying a stake in the latter.

ONGC gains on reports of alliance with UK firm

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