Table of Contents
What type of Organisation is ONGC?
Government Corporation
Oil and Natural Gas Corporation
| Type | Government Corporation |
|---|---|
| Traded as | NSE: ONGC BSE: 500312 BSE SENSEX Constituent NSE NIFTY 50 Constituent |
| ISIN | INE213A01029 |
| Industry | Energy: Oil and gas |
| Founded | 14 August 1956 |
Is ONGC a statutory corporation?
The ONGC is made a statutory body by an act of parliament.
What type of business is an oil company?
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol).
What is the main function of ONGC?
The main functions of the Oil and Natural Gas Commission subject to the provisions of the Act, were “to plan, promote, organize and implement programmes for development of Petroleum Resources and the production and sale of petroleum and petroleum products produced by it, and to perform such other functions as the …
Where is ONGC head office?
Vasant Kunj, New Delhi, India
Oil and Natural Gas Corporation/Headquarters
How will you Categorise ONGC as a public sector enterprise and why?
Answer: This is the oldest form of public sector enterprises. The departmental undertaking is considered as one of the departments of government. It has no separate existence than the government.
What does ONGC logo mean?
The colours of the new logo will be those representing the sun and the earth. The name of the company’s first oil well on Ankleshwar field was given by Pandit Jawahar Lal Nehru. It depicts the image of a flowing well (Vasudhara means flow of wealth), which is vibrant, full of life and active all the time.
What is an E&P company?
An exploration & production (E&P) company is in a specific sector within the oil and gas industry. Exploration and production is the early stage of energy production, which includes searching and extracting oil and gas. An E&P company finds and extracts the raw materials used in the energy business.