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Oil and Natural Gas Corporation

Company nameOil & Natural Gas Corporation Limited
Company typeState-owned enterprise
Public (NSE - ONGC, BSE - 500312)
IndustryOil and Gas
Founded14 August 1956
HeadquartersDehradun, India
Key peopleA. K. Hazarika
(Chairman & MD)
Natural gas
Revenue(+) US$ 22.599 billion (2010)
Operating income(+) US$ 6.752 billion (2010)
Net income(+) US$ 4.381 billion (2010)
Total assets(+) US$ 37.153 billion (2010)
Total equity(+) US$ 22.887 billion (2010)
Employees32,826 (2010)

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Oil and Natural Gas Corporation Limited (ONGC) (NSE - ONGC, BSE - 500312) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). It is a Fortune Global 500 company ranked 413, 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, according to filings with the BSE of latest quarter results Link. It was set up as a commission on 14 August 1956. Indian government holds 74.14% equity stake in this company.

ONGC is one of the Asia's largest and most active company involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometres of pipelines in India. It is one of the highest profit making companies in India. In 2010, it stood at 18th position in the Platts Top 250 Global Energy Company Rankings.

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