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ONGC - 10 things to know with detail

• ONGC (Oil and Natural Gas Corporation) is the largest oil and gas exploration and production company in India. It is a public sector undertaking (PSU) under the Ministry of Petroleum and Natural Gas.
• ONGC was founded on 14 August 1956 and has its headquarters in Dehradun, Uttarakhand. It is a Fortune Global 500 company and is one of the largest publicly traded companies in India.
• The primary business of ONGC is exploring for and producing oil and natural gas in India and abroad. It also has interests in refining, petrochemicals, and marketing of petroleum products.
• ONGC operates over 30 sedimentary basins in India and has discovered several major oil and gas fields in the country. It also has investments in oil and gas projects in countries like Russia, Iran, Mozambique, and Vietnam.
• ONGC is involved in various exploration and production activities, including seismic surveys, drilling, production, and transportation of oil and gas. It also has interests in renewable energy sources like wind and solar power.
• ONGC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. It is also listed on the London Stock Exchange (LSE) through its subsidiary ONGC Videsh Limited.
• ONGC has a strong focus on sustainability and corporate social responsibility (CSR) initiatives. It has implemented various programs for the welfare of local communities, environmental protection, and sustainable development.
• ONGC has faced challenges in recent years due to fluctuating oil prices, regulatory issues, and competition from private sector companies. However, it has continued to invest in new technologies and projects to maintain its position as a leading oil and gas company.
• ONGC has a workforce of over 30,000 employees and is known for its strong corporate governance practices and ethical standards. It has received several awards and recognition for its performance and commitment to sustainable development.
• In recent years, ONGC has been focusing on increasing its production of oil and gas, expanding its international operations, and diversifying into new energy sources. It remains a key player in the Indian oil and gas industry and a major contributor to the country's energy security.