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<p>Corporate Details Oil and Natural Gas Corporation Limited ( ONGC India) is considered Asia's best Oil &amp; Gas company . It ranks as the 2nd biggest E&amp;P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. It ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). ONGC was ranked 17th till March 2004, before the shares prices dropped marginally for external reasons. Activities Everyone who works at ONGC India is responsible for protecting the environment, health and safety of our people and communities worldwide. Our commitment to SHE performance is an integral part of our business, and achieving cost-effective solution is essential to our long-term success. The dedication to the causes of environment and safety in ONGC is amply demonstrated by the fact that a separate institute named Institute of Petroleum Safety, Health and Environment Management (IPSHEM) had been set up way back in 1989 to deal with these issues. Oil and Natural Gas Corporation Limited ONGC 's safety policy seeks to provide safe and healthy working conditions and enlist the active support of all staff in achieving these ends. The development activities of ONGC has been planned on sound ecological principle and incorporates appropriate environmental safeguards. ONGC Represents India's Energy Security: ONGC has single-handedly written India's hydrocarbon saga by the following methods: :</p> <p>Building 6 billion tonnes of In-place hydrocarbon reserves with more than 300 discoveries of oil and gas; in fact, 5 out of the 6 producing basins have been discovered by ONGC : out of these In-place hydrocarbons in domestic acreage, Ultimate Reserves are 2.1 Billion Metric Tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG). Cumulatively producing 685 Million Metric Tonnes (MMT) of crude and 375 Billion Cubic Meters (BCM) of Natural Gas, from 115 fields.</p> <p>Performance Exploration and production stock, ONGC has recovered by over 11 per cent in March,2007. In the last one week, the counter has gained around 4.14 per cent. But the current market valuation of Rs 878 is considered a pale shadow of its peak-traded price of Rs 1,514, hit in May 2006. Gross sales for the quarter and nine months ended on 31st December, 2006 include Rs. 1381.18 crore (previous quarter Rs. 527.96 crore) and Rs. 4690.88 crore (previous nine months Rs. 2679.98 crore) respectively towards trading of products of MRPL, a subsidiary of ONGC . The 2006-07 results, expected by the middle of next month, may show higher profit by ONGC Videsh Ltd , a 100 per cent subsidiary of ONGC . Organization Mr. R S Sharma, Chairman &amp; Managing Director of ONGC . Contact Details ONGC Head Office: Tel Bhavan, Dehradun 248003</p> <p>Telephone: 0135 2759561-67, 2752161-65 Website: www.ongcindia.com</p> <p>Oil and Natural Gas Corporation Limited (ONGC) (incorporated on June 23, 1993) is an Indian public sector petroleum company. It is a Fortune Global 500 company ranked 335th, 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. ONGC is one of Asia's largest and most active companies 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 kilometers of pipelines in India. Until recently (March 2007) it was the largest company in terms of market cap in India.[1].</p> <p>Contents[hide]</p> <p>1 History</p> <p>1.1 Foundation 1.2 1960-1990 1.3 Post-1990</p> <p>2 International rankings 3 External links 4 References</p> <p>[edit] History[edit] FoundationIn August 1956, the Oil and Natural Gas Commission was formed. Raised from mere Directorate status to Commission, it had enhanced powers. In 1959, these powers were further enhanced by converting the commission into a statutory body by an act of [[Indian Parliament</p> <p>[edit] 1960-1990Since its foundation stone was laid, ONGC is transforming Indias view towards Oil and Natural Gas by emulating the countrys limited upstream capabilities into a large viable playing field. ONGC, since 1959, has made its presence noted in most parts of India and in overseas territories. ONGC found new resources in Assam and also established the new oil province in Cambay basin (Gujarat). In 1970 with the discovery of Bombay High (now known as Mumbai High), ONGC went offshore. With this discovery and subsequent discovery of huge oil fields in the Western offshore, a total of 5 billion tonnes of hydrocarbon present in the country was discovered. The most important contribution of ONGC, however, is its self-reliance and development of core competence in exploration and production activities at a globally competitive level.</p> <p>[edit] Post-1990</p> <p>ONGC's HAL Dhruv helicopter operating off the coast of Mumbai. Post 1990, the liberalized economic policy was brought into effect, subsequently partial disinvestments of government equity in Public Sector Undertakings were sought. As a result, ONGC was re-organized as a limited company and after conversion of business of the erstwhile Oil &amp; Natural Gas Commission to that of Oil and Natural Gas Corporation Ltd in 1993, 2 percent of shares through competitive bidding were disinvested. Further expansion of equity was done by 2 percent share offering to ONGC employees. Another big leap was taken in March 1999, when ONGC, Indian Oil Corporation (IOC) and Gas Authority of India Ltd.(GAIL) agreed to have cross holding in each others stock. Consequently the Government sold off 10 per cent of its share holding in ONGC to IOC and 2.5 per cent to GAIL. With this, the Government holding in</p> <p>ONGC came down to 84.11 per cent. In 2002-03 ONGC took over Mangalore Refinery and Petrochemicals Limited (MRPL) from Birla Group and announced its entrance into retailing business. ONGC also went to global fields through its subsidiary, ONGC Videsh Ltd. (OVL). ONGC has made major investments in Vietnam, Sakhalin and Sudan and earned its first hydrocarbon revenue from its investment in Vietnam. In 2009, ONGC discovered a massive oil field, with up to 1 billion barrel reserves of heavy crude, in the Persian Gulf off the coast of Iran.[2] Additionally, ONGC also signed a deal with Iran to invest US$3 billion to extract 1.1 billion cubic feet of natural gas from the Farzad B gas field.[3]</p> <p>[edit] International rankings </p> <p>ONGC has been ranked at 198 by the Forbes Magazine in their Forbes Global 2000 list for the year 2007 [4]. ONGC has featured in the 2008 list of Fortune Global 500 companies at position 335, [5] a climb of 34 positions from rank of 369 in 2007. ONGC is ranked as Asias best Oil &amp; Gas company, as per a recent survey conducted by US-based magazine Global Finance 2nd biggest E&amp;P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004 Ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). Economic Times 500, Business Today 500, Business Baron 500 and Business Week recognizes ONGC as most valuable Indian corporate, by Market Capitalization, Net Worth and Net Profits.[6]</p> <p>IOCL About Us Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of Rs. 285,337 crore and profit of Rs. 2,950 crore for fiscal 2008-09. IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 19 places to the 116th position in 2008. It is also the 18th largest petroleum company in the world. IndianOil's vision is driven by a group of dynamic leaders who have made it a name to reckon with. The Corporation is celebrating the year 2009 as its golden jubilee year. In this section, you can peruse through the profile and spread of IndianOil across the country &amp; abroad. You can also know about IndianOil's current financial performance, special initiatives and causes along with the prestigious recognitions &amp; awards that have come its way for exceptional performances.</p> <p>Profile Indias flagship national oil company and downstream petroleum major, Indian Oil Corporation Ltd. (IndianOil) is celebrating its Golden Jubilee in 2009. It is India's largest commercial enterprise, with a sales turnover of Rs. 2, 85,337 crore the highest-ever for an Indian company and a net profit of Rs. 2, 950 crore for the year 2008-09. IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 11 places to the 105th position in 2009. Indias Flagship National Oil Company Incorporated as Indian Oil Company Ltd. on 30th June, 1959, it was renamed as Indian Oil Corporation Ltd. on 1st September, 1964 following the merger of Indian Refineries Ltd. (established 1958) with it. IndianOil and its subsidiaries account for approximately 48% petroleum products market share, 34% national refining capacity and 71% downstream sector pipelines capacity in India. For the year 2008-09, the IndianOil group sold 62.6 million tonnes of petroleum products, including 1.7 million tonnes of natural gas, and exported 3.64 million tonnes of petroleum products. The IndianOil Group of companies owns and operates 10 of India's 20 refineries with a combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. The Corporation's cross-country network of crude oil and product pipelines, spanning over 10,000 km and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. IndianOil is investing Rs. 43,400 crore (US $10.8 billion) during the period 2007-12 in augmentation of refining and pipeline capacities, expansion of marketing infrastructure and product quality upgradation as well as in integration and diversification projects. Network Beyond Compare As the flagship national oil company in the downstream sector, IndianOil reaches precious petroleum products to millions of people everyday through a countrywide network of about 35,000 sales points. They are backed for supplies by 167 bulk storage terminals and depots, 101 aviation fuel stations and 89 Indane (LPGas) bottling plants. About 7,335 bulk consumer pumps are also in operation for the</p> <p>convenience of large consumers, ensuring products and inventory at their doorstep. IndianOil operates the largest and the widest network of petrol &amp; diesel stations in the country, numbering over 18,278. It reaches Indane cooking gas to the doorsteps of over 53 million households in nearly 2,700 markets through a network of about 5,000 Indane distributors. IndianOil's ISO-9002 certified Aviation Service commands over 63% market share in aviation fuel business, meeting the fuel needs of domestic and international flag carriers, private airlines and the Indian Defence Services. The Corporation also enjoys a dominant share of the bulk consumer business, including that of railways, state transport undertakings, and industrial, agricultural and marine sectors. Technology Solutions Provider IndianOil's world-class R&amp;D Centre is perhaps Asia's finest. Besides pioneering work in lubricants formulation, refinery processes, pipeline transportation and alternative fuels, the Centre is also the nodal agency of the Indian hydrocarbon sector for ushering in Hydrogen fuel economy in the country. It has set up a commercial Hydrogen-CNG station at an IndianOil retail outlet in New Delhi this year. The Centre holds 214 active patents, including 113 international patents. IndianOil has joined the league of global technology providers last year with the selection of its in-house developed INDMAX technology (for maximising LPGas yield) for the 4 MMTPA Fluidised Catalytic Cracking (FCC) unit at the Corporation's upcoming 15 MMTPA grass roots refinery at Paradip in Orissa, as well as for the FCC unit coming up at BRPL. A wholly-owned subsidiary, IndianOil Technologies Ltd., is engaged in commercialising the innovations and technologies developed by IndianOil's R&amp;D Centre. Customer First At IndianOil, customers always get the first priority. New initiatives are launched round-the-year for the convenience of the various customer segments. Exclusive XTRACARE petrol &amp; diesel stations unveiled in select urban and semiurban markets offer a range of value-added services to enhance customer delight and loyalty. Large format Swagat brand outlets cater to highway motorists, with multiple facilities such as food courts, first aid, rest rooms and dormitories, spare parts shops, etc. Specially formatted Kisan Seva Kendra outlets meet the diverse needs of the rural populace, offering a variety of products and services such as seeds, fertilisers, pesticides, farm equipment, medicines, spare parts for trucks and tractors, tractor engine oils and pump set oils, besides auto fuels and kerosene. SERVOXpress has been launched recently as a one-stop shop for auto care services. To safeguard the interest of the valuable customers, interventions like retail automation, vehicle tracking and marker systems have been introduced to ensure quality and quantity of petroleum products.</p> <p>Widening Horizons To achieve the next level of growth, IndianOil is currently forging ahead on a well laid-out road map through vertical integration upstream into oil exploration &amp; production (E&amp;P) and downstream into petrochemicals and diversification into natural gas marketing, bio fuels, wind power projects, besides globalisation of its downstream operations. Petrochemicals In petrochemicals, IndianOil is envisaging an investment of Rs. 20,000 crore (US$ 4 billion) by the year 2011-12. Through the worlds largest single-train Linear Alkyl Benzene (LAB) plant with an annual capacity of 1,20,000 tonnes set up at its Gujarat Refinery, the Corporation has already captured a significant market share of LAB in India, besides exporting the product to Indonesia, Turkey, Thailand, Vietnam, Norway and Oman. A world-scale Paraxylene/Purified Terephthalic Acid plant (annual capacities: PX 3,63,000 tonnes, PTA 5,53,000 tonnes) for polyester intermediates is already in operation at Panipat, while a Naphtha Cracker with a capacity of 800,000 tonnes of ethylene per annum, 6,00,000 TPA of Propylene, besides an annual production of 3,25,000 TPA of Mono Ethylene Glycol, 1,40,000 TPA of Butadiene, 6,50,000 TPA of Polyethylene and 6,00,000 TPA of Polypropylene, equipped with downstream polymer units is to be completed by December 2009 at Panipat. A grassroots refinery at Paradip is proposed to be completed by the year 2011-12, subsequently followed by the setting up of an integrated petrochemical plants with an es...</p>