1. Sector Overview India is the sixth largest consumer of oil in the world and the ninth largest crude oil importer. India’s oil and gas sector contributes over 15% to the Gross Domestic Product (GDP). According to Ministry of Petroleum and Natural Gas‚ India has a total reserve of 1201 million metric tonnes of crude oil and1437 billion cubic metres of natural gas as on 01 April 2010. The total number of exploratory and development wells and metreage drilled in onshore and offshore areas during
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INTRODUCTION TO OIL AND GAS CORPORATION LIMITED (ONGC) 1 Year 2012 OIL AND NATURAL GAS CORPORATION LTD INTRODUCTION 1.1 HISTORY OF ONGC 1947-1960 During the pre-independence period‚ the Assam Oil Company in the north-eastern and Attack Oil company in north-western part of the undivided India were the only oil companies producing oil in the country‚ with minimal exploration input
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Limited | | Type | Public | Traded as | NSE: ONGC‚ BSE: 500312 BSE SENSEX Constituent | Industry | Oil and gas | Founded | 14 August 1959 | Headquarters | Tel Bhavan‚ Dehradun‚ India | Key people | Sudhir Vasudeva (Chairman & MD) | Products | Petroleum‚ natural gas‚ and other petrochemicals | Revenue | US$ 27.18 billion (2012)[1] | Operating income | US$ 6.55 billion (2012)[1] | Profit | US$ 4.22 billion (2012)[1] | Total assets | US$ 43.01 billion (2012)[1] |
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ONGC [pic] ANALYSYS OF ANNUAL REPORT OF ONGC Prepared for‚ CPIMR. Miss. Charmi Shah Prepared by : JITESH CHUDASAMA MBA : 1ST SEM. SEC: A ROLL No. 22 PREFACE Every limited company has to declare
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"ONGC is continuously and consciously involved and focused towards corporate social responsibility in all decisions and activities undertaken in the organization. ONGC is committed to allocate 0.75% of net profit of the year towards socio-economic development programmes."1 - Dr. Madhav Mehra‚ President‚ World Council for Corporate Governance‚ in May 2006. "If trade and commerce - and by extension‚ business and industry - is not sensitive to its social and environmental contexts‚ it will not be
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Introduction to the company 1.History 1947 – 1960 During pre-independence‚ the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources. After independence‚ the Government realized the importance of oil and gas for rapid industrial development and its strategic role in defence. Consequently
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1 The BPR story at ONGC – A success story The BPR story at ONGC – A success story Anjana IM Group 2: Anjana‚ Chetan‚ Prachi‚ Puneet‚ Rajesh & Swapnil * Chetan * Prachi * Puneet * Rajesh * Swapnil IM Group 2 2 The BPR story at ONGC – A success story Summary When Oil and Natural Gas Corporation Limited- India’s largest oil exploration and production company- set out to completely transform its business‚ it turned to SAP solutions and services. As a result‚ the company was
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good work.” -Pandit Janwarlal Nehru to Lord Mountbatten‚ on ONGC (1959) ONGC Group of Companies comprising of ONGC Limited‚ and its subsidiaries ONGC Videsh Limited (OVL)‚ ONGC Nile Ganga BV (ONGBV) and Mangalore Refinery and Petrochemicals Limited (MRPL) organize Import/International Sale of Crude Oil‚ Export of Petroleum Products and Petrochemical Products through Tendering Procedure for all the Group Companies of ONGC. ONGC Group presents a lot of business opportunities to prospective Business
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CSR Initiatives by ONGC The major CSR initiatives taken by ONGC are as follows: ONGC subsidiary MRPL has taken CSR initiative “Samrakshan”. Under this initiative the company has done construction of an Anganwadi building‚ donating scientific teaching aids‚ providing infrastructural facilities including cupboards to schools. This initiative also covers 53 schools around MRPL and 16 schools around sarpadi village. ONGC has started an initiative called “PURA”‚ concept put forth
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A visit to Subir Raha Oil Museum at ONGC‚ Dehradun By Kevin P Joseph (MBA-ET : 500026236) As a part of the curriculum of the programs offered at UPES‚ the students of first semester MBA Energy Trading and MBA Oil & Gas were taken to Subir Raha Oil Museum‚ ONGC in Dehradun. Being the students of the petroleum industry‚ this visit gave us a rich and holistic picture about how oil it is created in the nature‚ how various methods are used to detected it‚ the various challenges which the industry
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