Ongc
ONGC
(
Oil and Natural Gas Corporation Limited
) (incorporated on
June 23
,
1993
) is a
public sector
petroleum company in
India
. It is a
Fortune 2000
company, the most valuable company in India (by
market capitalisation
) contributing 77% of India's
crude oil
production and 81 % of India's
natural gas
production. It is the highest profit making corporation in India. It was set up as a
commission
on
August 14
,
1956
. It is involved in exploring and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil.
External link
Official Website of the ONGC
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