ONGC – Oil and Natural Gas Corporation Limited Full Company Details
Oil and Natural Gas Corporation Limited is a global energy holding company. ONGC Limited is the Government owned company, which is the largest producer of crude oil and natural gas in India. It is the India’s top energy company and ranks 20th among global energy matters. It is founded in 14 August 1956.
They engaged in exploration, development and production of crude oil and natural gas. Their business spreads over various areas such as Liquefied Petroleum Gas (LPG), Naphtha, Refining, Petrochemicals, Power, unconventional and alternate sources of energy.
ONGC have several group of companies including ONGC Videsh Limited (OVL), Mangalore Refinery and Petrochemicals Limited (MRPL), ONGC Nile Ganga BV (ONG BV), ONGC Mittal Energy Limted (OMEL), ONGC Mittal Energy Services Limited (OMESL), ONGC Tripura Power Company Pvt.Ltd. (OTPCL), Kakinada Refinery & Petrochemicals Limited (KRPL), Mangalore SEZ Limited, Rajasthan Refinery Limited (RRL), etc.
ONGC is the India’s second most profitable state owned company. Because Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC). ONGC’s net profit decreases to 6% to Rs. 4340 crore in the January-March quarter. In the previous year’s net profit was Rs4,624 crore. Their market capital was Rs. 21,714.02 crore.
Energy sector plays an important role in the growth of an economy. They make a high return to the state. it offers 77% of crude oil and 62% of natural gas to the country.