ONGC (Oil and Natural Gas Corporation Limited) is a state-owned oil and gas company headquartered in Dehradun, Uttarakhand, India. It was established on 14 August 1956 and is one of the largest exploration and production companies in the world. ONGC operates in several areas including exploration, production, refining, marketing, petrochemicals, and other related fields.
ONGC is involved in the exploration and production of oil and natural gas onshore and offshore in India and abroad. The company's major oil and gas fields are located in the Western and Eastern offshore regions of India, including Mumbai High, Krishna Godavari basin, and Cambay basin. ONGC has also been awarded exploration and production rights in several countries, including Russia, Vietnam, Iran, Myanmar, and the United Arab Emirates.
ONGC is a vertically integrated company that operates throughout the value chain of the oil and gas industry. The company has a strong presence in the refining sector and owns several refineries in India. ONGC also produces a range of petrochemicals including ethylene, propylene, benzene, and toluene.
ONGC is committed to sustainable development and has implemented several initiatives to reduce its carbon footprint. The company has invested in renewable energy sources such as wind and solar power and is also exploring opportunities in hydrogen fuel cells and electric vehicles.
ONGC has a strong research and development team and has developed several innovative technologies in the field of oil and gas exploration and production. The company has developed a technique for the extraction of shale gas and has also developed a process for the production of oil from oil shale.
ONGC has been recognized for its outstanding performance in the oil and gas industry and has received several awards and accolades. The company has been ranked among the top global energy companies by several organizations, including Forbes and Platts.
ONGC is also committed to social responsibility and has implemented several programs for the welfare of the communities in which it operates. The company has initiated several programs to promote education, healthcare, and skill development in these communities.
ONGC has a diverse workforce of over 30,000 employees and is committed to providing a safe and healthy working environment for its employees. The company has implemented several initiatives to promote employee welfare and has received several awards for its employee engagement programs.
ONGC is a financially stable company and has a strong balance sheet. The company has consistently delivered strong financial performance and has a credit rating of AAA, the highest credit rating in India.
In conclusion, ONGC is a leading player in the global oil and gas industry with a strong focus on sustainability, innovation, and social responsibility. The company's commitment to excellence and its strong financial performance make it a valuable asset for India and the global energy sector.
Following are some of the major subsidiaries of ONGC.
- ONGC Videsh Ltd. - It is the international arm of ONGC and is responsible for the company's overseas exploration and production activities.
- Mangalore Refinery and Petrochemicals Limited (MRPL) - It is a subsidiary of ONGC and is engaged in the refining and marketing of petroleum products.
- ONGC Tripura Power Company (OTPC) - It is a joint venture between ONGC, IL&FS and the Government of Tripura, and is involved in the development of power projects in Tripura.
- ONGC Petro Additions Limited (OPaL) - It is a joint venture between ONGC, GAIL and GSPC, and is involved in the production of petrochemicals.
- ONGC Mangalore Petrochemicals Limited (OMPL) - It is a joint venture between ONGC and MRPL, and is involved in the production of petrochemicals.
- ONGC Narmada Ltd. - It is a subsidiary of ONGC and is involved in the exploration and production of oil and gas in the Narmada basin.
- ONGC Teri Biotech Limited (OTBL) - It is a joint venture between ONGC and The Energy and Resources Institute (TERI). It is involved in the development of biotechnology-based products and services for the oil and gas industry.
- ONGC Mittal Energy Limited (OMEL) - It is a joint venture between ONGC and Mittal Investments and is involved in the exploration and production of oil and gas in Nigeria.
- ONGC Mangalore Refinery and Petrochemicals Limited (OMRPL) - It is a subsidiary of MRPL and is involved in the refining and marketing of petroleum products.
- HPCL (Hindustan Petroleum Corporation Limited) is a state-owned oil and gas company in India. It is headquartered in Mumbai and operates in the downstream segment of the petroleum industry, which includes refining, marketing, and distribution of petroleum products. HPCL has a strong presence in India with a network of refineries, terminals, and retail outlets. It is one of the largest oil marketing companies in India and is committed to providing high-quality products and services to its customers.