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Oil & Natural Gas Corporation (ONGC) is the largest crude oil and natural gas Company in India. Crude oil is the raw material used by downstream companies like IOC, BPCL, and HPCL (subsidiary of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas-LPG.
ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. Winner of the Best Employer award, this public sector enterprise has a dedicated team of over many professionals who toil round the clock in challenging locations.
ONGC as an integrated Oil & Gas Corporate has developed in-house capability in all aspects of exploration and production business i.e., Acquisition, Processing & Interpretation (API) of Seismic data, drilling, work-over and well stimulation operations, engineering & construction, production, processing, refining, transportation, marketing, applied R&D and training, etc.
With more than 50 years of Exploration ONGC had discovered many Producing basins of India. These Oil Producing Basins are;1958 - Cambay, Gujarat
Oil and Natural Gas Corporation (ONGC) is the largest producer of crude oil and natural gas in India contributing around 70% of Indian domestic production. It is a Public Sector Undertaking (PSU) of the Government of India under the administrative control of the Ministry of Petroleum and Natural Gas. The company also operates over 11,000 kilometres of pipelines in India and explores and exploits hydrocarbons in around 26 sedimentary basins across the country. It produces 77% of the crude oil and 62% of the natural gas in India.
Oil & Natural Gas Corporation Ltd. was incorporated in the year 1993. Its today's share price is 80.50. Its current market capitalisation stands at Rs 100956.74 Cr. In the latest quarter, the company has reported Gross Sales of Rs. 4534605.67 Cr and Total Income of Rs.4804436.19 Cr. The company also has an international subsidiary – ONGC Videsh, which currently operates in 17 countries.
It is listed on the Bombay Stock Exchange with a BSE Code of 500312, National Stock Exchange with an NSE Symbol of ONGC and ISIN of INE213A01029. It's Registered office is at Plot No. 5a- 5b, Nelson Mandela Road, Vasant KunjNew Delhi-110070, Delhi.
Subsidiaries & Mergers-
ONGC Videsh Limited- It is the international subsidiary of ONGC, operating in 17 countries of the world.
Hindustan Petroleum Corporation Limited- It is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra.
ONGC Mangalore Petrochemicals Limited- OMPL is an Indian company promoted by ONGC and Mangalore Refinery and Petrochemicals Limited (MRPL).
ONGC supplies crude oil, natural gas, and value-added products to major Indian oil and gas refining and marketing companies. Its primary products crude oil and natural gas are for the Indian market.
Product-wise revenue breakup (₹)
Crude Oil - ₹ 562.38 billion
Gas - ₹ 168.88 billion
LPG - ₹ 31.48 billion
Naphtha - ₹ 76.80 billion
C2-C3- ₹ 13.44 billion
SKO - ₹ 3.69 billion
Others - ₹ 1.59 billion
2017 - On 19 July 2017, the Government of India approved the acquisition of Hindustan Petroleum Corporation by ONGC.
2016 - In February 2016, the board of ONGC approved an investment of Rs. 5,050 crore in Tripura for drilling of wells and creation of surface facilities to produce 5.1 million standard cubic feet per day gas from the state's fields.
2015 - In June 2015, Oil and Natural Gas Corporation (ONGC) gave ₹27 bn ($427m) offshore contract for the Bassein development project to Larsen & Toubro (L&T).
2014 - In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten per cent stake in a Mozambican gas field for a total of $2.47 billion.
2012 - In November 2012, OVL agreed to acquire ConocoPhillips' 8.4% stake in the Kashagan oilfield in Kazakhstan for around US$5 billion, in ONGC's largest acquisition to date.
2011 - In 2011, ONGC applied to purchase 2000 acres of land at Dahanu to process offshore gas.
2006 - In 2006, a commemorative coin set was issued to mark the 50th anniversary of the founding of ONGC, making it only the second Indian company (State Bank of India being the first) to have such a coin issued in its honour.
2003 - In 2003, ONGC Videsh Limited (OVL), the division of ONGC concerned with its foreign assets, acquired Talisman Energy's 25% stake in the Greater Nile Oil project.
ONGC is the Top Employer in the Energy sector in India, in the Randstad Awards 2013
ONGC was one of 12 winners of the 'Golden Peacock Award 2014' for its corporate social responsibility practices, and one of 24 winners of the 'Golden Peacock Award 2013' in the occupational safety and health category.
In April 2013, it was ranked at 155th place in the Forbes Global 2000 for 2012.
In 2011, ONGC was ranked 39th among the world's 105 largest listed companies in 'transparency in corporate reporting' by Transparency International making it the most transparent company in India.
It was conferred with 'Maharatna' status by the Government of India in November 2010. The Maharatna status to select PSUs allows more freedom in decision making.
In February 2014, FICCI conferred it with Best Company Promoting Sports Award.
ONGC wins the "Greentech Excellence Award" for the year 2013 in Platinum Category
ONGC was ranked 82nd among India's most trusted brands according to the Brand Trust Report 2012, a study conducted by Trust Research Advisory. In the Brand Trust Report 2013, ONGC was ranked 191st among India's most trusted brands and subsequently, according to the Brand Trust Report 2014, ONGC was ranked 370th among India's most trusted brands.
ONGC is the title sponsor for the first edition of the Corporate social responsibility (CSR) Award organised by Amar Ujala.
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