Oil and Natural Gas Corporation Limited
) (, ) is an Indian state-owned oil
company headquartered at Dehradun, India
. It is a Fortune Global 500
company ranked 413, and contributes 77% of India's crude oil
production and 81% of India's natural gas
production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results . It was set up as a commission
on 14 August 1956. Indian government holds 74.14% equity stake in this company.
ONGC is one of the Asia's largest and most active company involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometres of pipelines in India. It is one of the highest profit making companies in India. In 2010, it stood at 18th position in the Platts
Top 250 Global Energy Company Rankings.
A turning point in the history of India’s oil sector was in 1994. While the oil sector was on the backburner of India's political realm for some time, is was brought to the forefront by the privatization of India's leading oil E&P organization, the ONGC. Simultaneously, there were steps taken for the enhancement of production on... Read More