Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has received approval for development of five projects with an aggregate investment of Rs 7327 crore which will lead to production of 14.969 MMT of Oil and 2.972 BCM of Gas. The Board of Directors at its meeting held on February 23, 2017 has approved for the same. 

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.