Top 10 Public Sector (PSU) Companies in India 2016
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2) ONGC (OIL AND NATURAL GAS CORPORATION)
Oil and Natural Gas Corporation Limited (ONGC), an Indian multinational oil and gas enterprise, was incorporated on 14 August 1956. ONGC is headquartered in Dehradun, Uttarakhand, India.
image:wikimeida(Nandu Chitnis from Pune, India, ONGC Oil and Gas Processing Platform)
Oil and Natural Gas Corporation Limited operates under the control of the Ministry of Petroleum and Natural Gas. ONGC is considered to be the second largest Indian company in oil & gas exploration and production.
ONGC is responsible for the production of 69 percent of total crude oil produced in India which is almost equivalent 30 percent of India’s total demand and it does also produce 62 percent of total natural gas production in India.
ONGC is also present in other countries through its international arm which is known as ONGC Videsh. It has presence in many countries including Brazil, Columbia, Cuba, Venezuela, Vietnam, Russia etc. ONGC also has the following two joint ventures:
1.ONGC Tripura Power Company
2.ONGC Petro Additions Limited
Awards and Recognition:
1. ONGC was declared as the largest profit making Indian PSU in a survey conducted in the year 2011-12 by the Government of India
2. ONGC was one among the Fortune Global 500 companies in 2012
3. The company was ranked 17th in Global Energy Top 250 companies by Platts
ONGC is a listed company present on both the BSE and the NSE. It is a state owned corporation with the state, the government, owns approximately 70% of the shares.