The Oil and Natural Gas Corporation Limited

Intro and history: The Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India. It was founded in 1956 by the Government of India and is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. ONGC is India's largest oil and gas exploration and production company. Industry: Oil and Gas Product, Services and Operations: ONGC is primarily involved in exploration, production and marketing of crude oil, natural gas and value-added products. It conducts exploration and production activities both in India and abroad. Funding Details: Being a government-owned company, ONGC is funded by the Government of India. As of March 2021, the market capitalization of ONGC is approximately $16.2 billion. Acquisitions: ONGC has made several acquisitions over the years, including Imperial Energy Corporation in Russia, and stakes in oil fields in countries like Brazil, Colombia, and Myanmar. Awards and Achievements: ONGC has received numerous awards and recognitions, including the 'Golden Peacock Award' for Corporate Social Responsibility, 'Best Employer' award by Business Today, and 'Most Valuable PSU' award by Businessworld.