Oil and Natural Gas Corporation Limited
Type	PSU
Founded	1955
Headquarters	Dehradun, India
Key people	R S Sharma, Chairman and MD
Industry	Petroleum and Gas
Revenue	US$ 16.6 billion (2006)
Net income	US$ 3.48 billion (2006)
Employees	34,000
Website	http://www.ongcindia.com

Oil and Natural Gas Corporation Limited (ONGC) (incorporated on June 23, 1993) is a public sector petroleum company based in Dehradun, India. It is a Fortune Global 500 company, and contributes 77% of India's crude oil production and 81 % of India's natural gas production. It is the highest profit making corporation in India. It was set up as a commission on August 14, 1956. Indian government holds 74.14% equity stake in this company. Image File history File links ONGC_Logo. ... A Public Sector Undertaking is a corporation in the Public sector in India. ... Image File history File links Flag_of_India. ... Dehradun (Hindi: देहरादून)  , also sometimes spelled Dehra Doon, is the provisional capital city of the Uttarakhand state (earlier called Uttaranchal) in India, and the headquarters of Dehradun District. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... This article or section does not adequately cite its references or sources. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... June 23 is the 174th day of the year (175th in leap years) in the Gregorian calendar, with 191 days remaining. ... 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... < [[[[math>Insert formula here</math>The public sector is that part of economic and administrative life that deals with the delivery of goods and services by and for the [[government </math></math></math></math> Direct administration funded through taxation; the delivering organisation generally has no specific requirement to meet commercial... Dehradun (Hindi: देहरादून)  , also sometimes spelled Dehra Doon, is the provisional capital city of the Uttarakhand state (earlier called Uttaranchal) in India, and the headquarters of Dehradun District. ... The Fortune Global 500 is a ranking of the top 500 corporations as measured by revenue. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Natural gas is gaseous fossil fuel consisting primarily of methane but including significant quantities of ethane, butane, propane, carbon dioxide, nitrogen, helium and hydrogen sulfide. ... An agency is a department of a local or national government responsible for the oversight and administration of a specific function, such as a customs agency or a space agency. ... August 14 is the 226th day of the year in the Gregorian calendar (227th in leap years), with 139 days remaining. ... 1956 (MCMLVI) was a leap year starting on Sunday of the Gregorian calendar. ...

ONGC is engaged in exploration and production activities. It is involved in exploring and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil. It owns and operates more than 11,000 kilometers of pipelines in India. Until recently (March 2007) it was the largest company in terms of market cap in india. ^[1]. Market capitalization, often abbreviated to market cap, mkt. ...

Stakes and subsidiaries

• MRPL known as Mangalore Refinery & Petrochemicals Limited (100.6% equity stake)
• ONGC Videsh Limited (ONGC's overseas arm)
• Indian Oil Corporation (9.6% equity stake)

Mangalore Refinery Private Limited (MRPL) is comapny majority owned by ONGC. It was acquired by it from AV Birla Group. ... Indian Oil Corporation Ltd. ...

International Rankings

• ONGC has been ranked at 256 by the Forbes Magazine in their Forbes Global 2000 list for the year 2005 ^[2].
• ONGC has featured in the 2006 list of Fortune Global 500 companies at position 402 ^[3].

The Forbes Global 2000 is an annual ranking of the top 2000 corporations in the world by Forbes magazine. ... The Fortune Global 500 is a ranking of the top 500 corporations as measured by revenue. ...

External links

• Official Website of ONGC Ltd
• Website of MRPL

References

1. ^ Company Profile
2. ^ Forbes 2000
3. ^ Fortune 500