Oil and Natural Gas Corporation

Indian crude oil and natural gas producer

Oil and Natural Gas Corporation: Indian crude oil and natural gas producer The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. Headquartered in Delhi, ONGC is under the ownership of the Government of India and administration of Ministry of Petroleum and Natural Gas. It was founded on 14 August 1956 by the Government of India. In November 2010, the Government of India conferred the Maharatna status to ONGC.

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The government has raised the price cap on natural gas from legacy fields, resulting in a 4% increase in effective prices from April 1. This change affects..
Credit: IndiaTimes - Published 3 days ago

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