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Government of India >  Public Sector Undertakings (PSUs) > Oil and Natural Gas Corporation Limited (ONGC)
Oil and Natural Gas Corporation Limited (ONGC)
A modest entity in the serene Himalayan settings - Oil and Natural Gas Corporation Limited (ONGC) was set up as a Commission on August 14, 1956. The company became a corporate on June 23, 1993, which has now grown into a full-fledged horizontally integrated petroleum company. Today, ONGC is a flagship public sector enterprise and India's highest profit making corporate, achieving the record of being the first Indian corporate to register a five digit profit figure of Rs. 10,529 Crore in the year 2002-03.
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Contact Details
Registered Office:Oil and Natural Gas Corporation Limited (ONGC)
Jeevan Bharathi, Tower-II
Indira Chowk
New Delhi, DH, 110001
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Delhi Office:Oil and Natural Gas Corporation Limited (ONGC), Jeevan Bharti
Jeevan Bharti, Tower-11, 124
Indira Chowk
Delhi, DH, 110001
Phone : +91-11-23310156
Head Office:Oil and Natural Gas Corporation Limited (ONGC)
Tel Bhavan
Dehradun, DN, 248003
Phone : +91-135-2759561
Fax : +91-135-2752161
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News
Govt may levy 'windfall tax' on ONGC, OIL to bring down rising fuel prices
Posted on 25th May 2018
The government is likely to levy a ‘windfall tax’, in the form of a cess, on companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) to bring down the rising petrol and diesel prices. The move may add additional pressure to oil producers that were already paying a higher cess after the switchover of fixed amount to 20 per cent ad valorem rates in 2016. Read More

ONGC falls 10% in two days; loses market cap worth Rs 223 billion
Posted on 24th May 2018
Oil and Natural Gas Corporation (ONGC) dipped 5% to Rs 166, extending its previous day’s nearly 5% fall on BSE, after the media report suggested that the government may ask the company to share the burden to reduce fuel price.

In past two trading session, the market capitalisation of state-owned oil exploration & production company declined by Rs 223-billion to Rs 2,148-billion, the BSE data shows. The stock hit eight month low, trading at its lowest level since September 26, 2017. Read More


As petrol, diesel prices hit fresh record high, government looks at ONGC to share burden
Posted on 24th May 2018
As petrol and diesel prices continue to breach record highs in quick succession, to touch a new peak on Thursday, the government is reportedly looking at ONGC to share the burden. Notably, petrol prices on Thursday, were hiked by 26 paise to Rs 85.29 per litre in Mumbai, while in Delhi, petrol was retailing at at Rs 77.47 per litre on Thursday. Notably, this is the 11th straight hike in a row. Read More

Forget gains; rising crude price put India’s oil producers ONGC, OIL at risk instead: Moody’s explains
Posted on 22nd May 2018
As oil prices rise, Moody’s Investors Service said state-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden. Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) had for more than 13 years paid as much as 40 per cent of the under-recoveries arising from fuel retailers selling petrol, diesel, cooking gas (LPG) and kerosene at a government-mandated price, which was way below the cost. Read More

ONGC capital spending not impacted by oil price: Moody’s
Posted on 17th May 2018
Defying a global trend, India’s flagship national oil company ONGC did not cut its capital spending on exploration and development after oil prices collapsed between 2014-16, Moody’s Investors Service said today. In a report, Moody’s said while ONGC did not reduce capital spending on oil and gas exploration and production, it halted the pace of its international expansion as a response to the oil price slumping from USD 140 per barrel to under USD 40. Read More
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