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Oil and Natural Gas Corporation Limited operates as India's foremost government-owned enterprise focused on the exploration and production of crude oil and natural gas. The company specializes in the full lifecycle of hydrocarbon resource development, from initial prospecting and surveying to drilling, extraction, and processing. Its extensive operations encompass both onshore and offshore fields, supplying a significant portion of the nation's energy requirements.
The organization was established on August 14, 1956, by the Government of India. This foundational move stemmed from a strategic understanding of the critical role indigenous oil and gas resources would play in fueling India's post-independence industrial expansion. The initial directorate was rapidly elevated to a commission, underscoring the national imperative to accelerate domestic energy self-reliance.
ONGC's products primarily serve the vast domestic energy market, providing essential raw materials for various industries and powering daily life across India. The company’s long-term vision centers on ensuring India's energy security by consistently augmenting its hydrocarbon reserves and production capabilities, thereby sustaining the nation’s growth trajectory.
Key people at Oil and Natural Gas Corporation Limited.
Oil and Natural Gas Corporation Limited has 1 tracked investment across 1 company. The latest tracked deal is $2.4M Grant / Series A in Planys Technologies in February 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 27, 2018 | Planys Technologies | $2.4M Grant / Series A | Senapathy Gopalakrishnan, Ranjan PAI, OIL And Natural GAS Corporation Limited | BPCL, Keiretsu Forum, Pratithi Investment Trust |
Key people at Oil and Natural Gas Corporation Limited.