Oil & Natural Gas Corporation Ltd.

In a bid to push ahead its disinvestment drive, the Government is planning to hire bankers for the Oil & Natural Gas Corporation (ONGC) stake sale by the end of August. The 5% sale in the company is expected to take place through the offer-for-sale (OFS) route between September and October this year, and should fetch the government between Rs 17,000 and 18,000 crore.

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.