Oil & Natural Gas Corporation Ltd.

Government of India (GOT) is reportedly planning to sell 5% to 10% stake in state-run energy explorer Oil and Natural Gas Corporation (ONGC) in a deal that could fetch it as much as 350 billion rupees ($5.84 billion) at current market price. The government owns nearly 69% stake in ONGC.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.