Oil & Natural Gas Corporation Ltd.

ONGC is planning to set up a new ‘basin’ in Agartala by the end of next year as it looks to focus more on exploration of oil and gas in the North-East region. Construction work is going on as earlier there was no proper building to start functioning of a 'basin' in Agartala.

ONGC’s North East operations are divided into two areas -- Assam Shelf from Jorhat to Duliajan and Assam Fold Belt from Silchar to Agartala.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India with current market capitalization of about $31 billion.