ONGC

June 6, 2019

ONGC, India's top oil and gas producer, has toppled IOC to regain crown of being the country's most profitable public sector company.

About:

  • Status: Oil and Natural Gas Corporation (ONGC) is a Maharatna Public Sector Undertaking (PSU) of the Government of India.

  • Parent Body: It is under the administrative control of the Ministry of Petroleum and Natural Gas.

  • It is the largest crude oil and natural gas Company in India, contributing around 70 % to Indian domestic production.

  • Subsidiaries:
    • ONGC Videsh is a wholly owned subsidiary of ONGC and is India’s largest international oil and gas Company.

    • In 2017, the Government of India approved the acquisition of Hindustan Petroleum Corporation by ONGC.



Source : All India Radio

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