Introduction
Founded on 14 August 1956, ONGC is India’s flagship energy company, responsible for roughly 70% of domestic crude oil and 84% of natural gas production Headquartered in Deendayal Urja Bhawan, Vasant Kunj, New Delhi, it was granted Maharatna status in 2010, reflecting its strategic importance
Core Operations
ONGC is vertically integrated across exploration, drilling, production, pipelines, refining, petrochemicals, LNG, and power. It operates over 230 rigs, 11,000 km of pipelines, and in 15 countries through its subsidiary ONGC Videsh, with 70+ global projects
Financial Performance
In FY 2024, ONGC reported revenue of ₹655,259 crore (~US$78 billion), operating income of ₹76,860 crore, and net income of ₹57,101 crore—underscoring its financial strength
Subsidiaries & Divisions
Key subsidiaries include ONGC Videsh Limited, Mangalore Refinery & Petrochemicals (MRPL), ONGC Petro-Additions Ltd, Tripura Power Co, and HPCL (~51% owned by ONGC)
Human Capital
As of March 2024, ONGC employs approximately 25,847 professionals, including 10,094 field workers. Women constitute ~8% of its total workforce
R&D & Training
ONGC owns the IPSHEM training institute in Betul, Goa, focusing on safety and environmental education. Its R&D investments include enhanced oil recovery methods and new energy exploration
CSR & Awards
The company invests heavily in CSR initiatives covering health, education, rural development, and sports. Recognitions include Golden Peacock awards, being a top energy sector employer, and consistent ranking among transparent global firms .
Growth Strategy
ONGC is investing ₹31,000 crore over FY 22–25 to boost exploration and domestic output. Through ONGC Videsh, its growth includes global M&A activities and strategic acquisitions like HPCL stake in 2018 .
Future Outlook
With a strong focus on energy security, sustainability, and global expansion, ONGC aims to enhance hydrocarbons discovery, embrace cleaner fuel development, and retain leadership through innovation and asset acquisitions.
