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Old August 10th, 2017, 03:22 PM
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Default Achievements of ONGC

Hi I am interested in having the information about the formation of ONGC as well as the operations of the company and also the achievements of the company?
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Old August 10th, 2017, 03:43 PM
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Default Re: Achievements of ONGC

Oil and Natural Gas Corporation Limited (ONGC) was established by the Government of India on fourteenth August 1956. ONGC is an Indian multinational oil and flammable gas organization, headquartered in Dehradun and is as of now one of the biggest oil and petroleum gas investigation organizations in Asia. Remembering that unrefined petroleum is on the highest point of the import bill of India, ONGC is in charge of meeting right around 30% of the nation's interest for raw petroleum and 48% of the nation's flammable gas necessities.

ONGC Videsh Limited (OVL), an auxiliary totally claimed by ONGC is vested with the duty of prospecting and investigating hydrocarbon assets abroad. As of now, OVL is included in ventures in 15 nations.

ONGC in Action

The essential obligation of ONGC is prospecting for common hydrocarbon assets, investigating them and tapping the potential stores of hydrocarbon into economically suitable vitality sources. The accomplishments of ONGC over the most recent five decades is to a great degree calculable, as apparent from the way that 6 out of the 7 Indian Basins creating economically reasonable fuel has been found by ONGC. The Company is included in investigating and tapping the hydrocarbon assets of the 26 sedimentary bowls and the tenacious endeavors of ONGC has brought about the expansion of 7.1 billion tons of 'set up Oil and Gas' volumes over the most recent five decades.

A present holder of 69.23% value stake, ONGC likewise has 11,000 kilometers of pipelines under its sleeve in India. Amid worldwide oil supply become scarce periods ONGC has put thoroughly in different 'Enhanced Oil Recovery (IOR)' and 'Improved Oil Recovery (EOR)' programs (upgrading the 'Recuperation Factor' to 33.5% of every 2011) notwithstanding supply from its different "brownfields" to be specific Mumbai High. The ceaseless endeavors of ONGC have extensively kept up a more noteworthy than one 'Save Replenishment Ratio'.

Major Achievements of ONGC
• Judged as Asia's best Oil & Gas company, as per a recent survey conducted by US-based magazine 'Global Finance'
• Ranked as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004.
• Leads the list of Indian companies listed in Forbes 400 Global Corporates and Financial Times Global 500 by Market Capitalization.
• Only fully-integrated petroleum company in India, operating along the entire hydrocarbon value chain.
• Holds largest share of hydrocarbon acreages in India.

Achievements and Awards – ONGC

 ONGC improves its brand valuation – 7th in India
20 July 2016
 D K Sarraf felicitated as Legend CMD of the Year
20 July 2016
 ONGC bags ICC PSE Excellence Awards 2015 in multiple categories
07 July 2016
 ONGC receives Bhamashah Award for setting up Smart Classes
02 July 2016
 Former Director U N Bose gets Outstanding Achievement Award for E&P contributions
13 June 2016
 ONGC secures top international award for Online Internal Communications
20 May 2016
 ONGC receives Scope Excellence award from Hon’ble President
11 April 2016
 ONGC bags top honors at the India Today Group's PSU awards
16 December 2015
 ONGC receives Golden Peacock Award for excellence in CSR
04 February 2015
 ONGC improves Transparency ranking to 26th, up 13 notches
11 November 2014
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