Oil and Natural Gas Corporation Ltd popularly known as ONGC is a fortune 500 company. It is placed among the top oil tycoon and it is a extremely reputed company.
Presently, it has a net worth Rs. 781 billion and in FY 2008-09, it assigned a net profit of Rs. 161.26 billion contempt volatile oil markets and crude prices.
ONGC boasted as the only company from India in the Fortune magazine’s list of the World’s most looked up to Companies-2007. In “Forbes Global 2000” 2009, it also occupies 152nd place in the list of the elite companies throughout the world. ONGC (Oil and Natural Gas Corporation Ltd.) is a public sector petroleum company in India.
It is one of the premier companies that deal in areas like petroleum and related elated products, gas production and energy production. Oil and Natural Gas Corporation Limited (ONGC) was established as a Commission on 14 August 1956. The company became a corporate on June 23, 1993, which has now developed into an experienced horizontally incorporated petroleum company.
ONGC has developed more than 600 million metric tunes of crude oil and supplied more than 200 billion cubic meters of gas since its origination, thus fuelling the increasing energy necessities of the Indian economy.
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