ONGC Company Profile: Overview, Subsidiary, Business & Operations
Oil and Natural Gas Corporation (ONGC) is India’s largest crude oil and natural gas exploration and production company, operating as a public sector undertaking (PSU) under the Government of India. As the leading upstream oil company, ONGC contributes approximately 71% of India’s total crude oil and 84% of the country’s natural gas production. The company specializes in oil and gas exploration, drilling, and production, playing a crucial role in India’s energy security.
Founded on August 14, 1956, ONGC has grown into one of India’s largest corporations. In November 2010, the Government of India awarded it the prestigious Maharatna status, recognizing its strategic importance and financial strength. The company employs around 26,000 professionals and continues to expand its operations domestically and globally.
ONGC at a Glance
| Industry | Oil And Gas |
| Founded | 14th Aug 1956 |
| Type | PSU |
| Headquarter | New Delhi |
| Chairman | Arun Kumar Singh |
| Product | Crude oil, Natural gas |
| Owner | Govt of India |
| Employees | 25,847 (March 2024) |
| Crude oil Production | 21.139 MMT (FY2024) |
| Gas Production | 20.647 BCM (FY 2024) |
Financials(FY 2024)
- Share Price: Rs. 246.5 per share ( 31/03/2025)
- Market Cap: $36.6 billion
- Revenue: ₹655,259 crore, US$75 billion
- Operating Income: ₹76,860 crore, US$8.8 billion
- Net Income: ₹57,101 crore, US$6.5 billion
- Total Assets: ₹710,193 crore, US$81 billion
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ONGC Group of companies
1. Subsidiaries
- Overseas Exploration & Production (E&P)
- ONGC Videsh (100%)
- Refinery
- Hindustan Petroleum Corporation Ltd. (HPCL) – 54.9%
- Mangalore Refinery & Petrochemicals Ltd. (MRPL) – 71.63% (Indirectly through HPCL: 16.95%)
- Renewable Energy
- ONGC Green (100%)
- Petrochemicals
- ONGC Petro-additions Ltd. (OPaL) – 95.69%
- Pipeline
- Petronet Mangalore Hasan Bangalore Pipeline Ltd. (Directly: 49.996%, Indirectly through HPCL: 49.996%)
2. Joint Ventures
- Special Economic Zone (SEZ)
- Mangalore SEZ Ltd. (MSEZ) – 26%
- Dahej SEZ Ltd. (DSL) – 50%
- Power
- ONGC Tripura Power Company Ltd. (OTPC) – 50%
- Pipeline
- Indra Dhanush Gas Grid Ltd. (IGGL) – 20%
- Services
- ONGC TERI Biotech Ltd. (OTBL) – 49.98%
3. Associates
- LNG (Liquefied Natural Gas)
- Petronet LNG Ltd. (PLL) – 12.5%
- Logistics
- Pawan Hans Helicopters Ltd. – 49%
- Rohini Heliport (PHL mirror company) – 49%
Top Shareholders in ONGC
| Share Holders | % of holding |
|---|---|
| President of India | 58.89% |
| Life Insurance Corporation of India (LIC) | 9.29% |
| Indian Oil Corporation Limited (IOCL) | 7.84% |
| Indian Oil Corporation Limited (IOCL) | 2.65% |
| GAIL (India) Limited | 2.45% |
| CPSE Exchange Traded Scheme (CPSE ETF) | 2.03% |
| SBI NIFTY 50 ETF | 1.30% |
Discovered basins or Fields
It has discovered India’s 8 out of 9 Producing fields.
- 1958 – Cambay, Gujarat
- 1963 – Assam
- 1967 – Rajasthan
- 1974 – Mumbai Offshore
- 1980 – Krishna Godavari Basin
- 1985 – Cauvery Basin
- 2019 – Bengal Basin
- 2022 – Vindhyan Basin
