Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has received approval from board of directors for issuance up to 10,000 unsecured, listed, redeemable, non-cumulative, taxable, non-convertible debentures (NCD) of face value of Rs 10,lakh each at par aggregating to a total issue size of up to Rs 1,000 crore on private placement basis to identified investors at the interest rate of 6.40% p.a. payable annually. 

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.