Founded on 14th August, 1956 by Government of India, Oil and Natural Gas Corporation Ltd (ONGC Ltd) is the largest oil and gas exploration and production company of India.
Image: company website
The company, headquartered at Dehradun, Uttarakhand. ONGC Ltd has a vision “To be global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices” and has been moving towards the same under the leadership of D K Sarraf, its current Chairman and Managing Director.
The public sector undertaking attained the Navratna status in 1997 and then attained the much coveted Maharatna status in 2010 and currently contributes to around 70% of the domestic production of crude and natural gas.
In financial year 2015-16, the company posted a revenue of INR 64427 crore and a PAT of INR 16004 crore. The company has been performing quite well in the past and thus was awarded the “Scope Excellence Award” under Maharatna category on 11th April 2016 by Hon’ble President Mr. Pranab Mukherjee. It has many other awards and accolades in its arsenal like “Exploration and Production Company of the year” by PetroFed, Dun & Bradstreet Corporate Excellence Award, Golden Peacock National Training Award and Best Enterprise Award for Excellence in Women Empowerment. The company has recently approved INR 5050 crore of investment for drilling wells and create surface facilities in Tripura for producing around 5 million standard cubic feet of gas per day. This project is in line with the company’s “Vision 2030”, wherein the company made a plan in 2012 to invest INR 11 lakh crore over the next 18 years to attain a four-fold market capitalization growth and a six-fold production growth in international operations.