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Oil and Natural Gas Corporation Limited is the Indian Multinational oil company and one of the eight Mahartna Central Public Sector Enterprises in India

January 30, 2019 0 Comment

Oil and Natural Gas Corporation Limited is the Indian Multinational oil company and one of the eight Mahartna Central Public Sector Enterprises in India. It is a Public Sector Undertaking (PSU) of India. Ministry of Petroleum and Natural Gas administrative and control the operations of ONGC. At the beginning the head quarter was located in Dehradun, Uttarakhand and later it was moved Vasant Kunj, New Delhi. ONGC has been representing as the India’s largest firm in oil ; gas exploration and production since 1956. The crude oil production capacity of ONGC is about 3/4 of the overall national production as of now. It almost quenches the thirst of the country’s total oil demand. In addition to the oil production, the outcome of the natural gas is around 62% of India’s natural gas production. The gross revenue for the year 2017 has been registered as Rs.77907 Cr. against the previous year’s revenue of about Rs.77740 Cr. ONGC has been gradually earning the greater profits and was ranked as largest profit making public sector under in India. ONGC has been declared 11th rank among the Top 250 Global Energy Companies by S&P Global Platt’s survey