Oil & Natural Gas Corporation Ltd.

In a bid to strengthen its global footprint, ONGC is planning overseas corporate acquisitions. The company will take advantage of prevailing market conditions and go for both corporate as well as asset acquisitions.

Acquisitions will also help ONGC meet its blue print of raising overseas output in phases to 60 million tonnes of oil plus oil-equivalent gas annually (or 1.2 million barrels a day) by 2030.

Meanwhile, the company continues to acquire stake in oil and gas assets abroad through its investment arm ONGC Videsh.

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.