Oil & Natural Gas Corpn Ltd

NSE: ONGC BSE: 500312

₹274.95

(3.91%)

Mon, 23 Feb 2026, 02:58 pm

MTF 5xInvest in Oil & Natural Gas Corpn Ltd with 5x Leverage Buy with MTF

Market Cap3418.69B

PE Ratio9.12

Dividend4.51

Energy Minerals

Oil Refining/Marketing

24.5K

Company History

1956

Oil and Natural Gas Commission established by Ministry of Natural Resources and Scientific Research.

1959

Oil and Natural Gas Commission converted into statutory body in October under Oil and Natural Gas Commission Act, 1959.

1992

Undertook exploitation of Coal Bed Methane in Damodar valley.

1993

Incorporated on June 23 as Oil and Natural Gas Corporation Limited.
Granted certificate of commencement of business on August 10.

1994

Acquired undertakings, assets and liabilities of Oil and Natural Gas Commission on February 1.

1996

Completed major projects including HX-HY platform, Hazira terminal IIIA, EOR in North Gujarat.
Holds 40% in JVs for Ravva, Panna-Mukta, Mid & South Tapti.
Embarked on deep sea basin exploration on East and West Coasts.
Government approved JV with GAIL, IOC, BPCL for LNG import.
ONGC Videsh Ltd established as wholly owned subsidiary.
Issued 34,28,53,716 shares to President of India; 10,76,44,03,66 bonus shares; disinvested 66,39,910 shares.

1997

Granted Navratna status.
ONGC and BPCL exploring paraxylene venture at Hazira.
Took up JV projects in seven countries.
IOGPT awarded ISO 9001.
To float JV for Neelam oilfield.
Ministry invited JVs for exploration.
Royal Dutch Shell to join for Neelam revival.
Installed 24-hour video conferencing facility.
Global oil companies approached for Neelam JV.
JV committee finalizing stake in Central India refinery.
To implement McKinsey recommendations.
Evincing interest in Tamil Nadu captive power equity.
Signed Rs 180 crore contract with PGS for 3D seismic.
Awarded world's largest 3D seismic turnkey contract to PGS.
Signed pact with Chinese National Oil Co.

1998

Proposed JV with Lubrizol India.
Board to consider new subsidiary for contract jobs.
ONGC and GAIL conflicted over Gandhar LPG plant.
Signed agreement with Bangladesh gas units for exploratory drilling.
Initiated large-scale organization restructuring.
Negotiated JV with Arco for CBM.
Launched oil hunt in KG deep waters.
Planned integrated radio communication system.

1999

ONGC and Lukoil entered agreement for Central Asian joint exploration.
Mooted IT subsidiary for oil industry expertise.
Set up expert committee for gas well fire inquiry.
To set up oil spill response centres in Mumbai and Kakinada.
ONGC, IOC and GAIL agreed to cross holdings.

2000

Signed MoUs with government for 2000-01 targets.
Entered refinance agreement with Bank of America for $180 million loan.
Proposed strategic partnership with IOC for overseas E&P and refining.
Explored voluntary retirement scheme for specialized activities.
Joined Coal India for CBM exploitation JV.
IPCL entered long-term agreement for 5,70,000 tpa feedstock.
To sign MoU with Petroles de Venezuela for upstream activities.
Set up separate marketing division.
Formed ONGIO JV with IOC for training and consultancy.
To set up IT company for oil and gas.
NTPC and ONGC forming JV for gas residue power projects.
To set up 360 MW gas power project at Hazira with NTPC.
ONGC Videsh to sign MoU with Pertamina.
Joined Reliance and Sonatrach for Iraq oil field.
Signed MoU with BSES for natural gas supply.

2001

ONGC Videsh signed $1.7 billion deal with Rosneft for 20% in Sakhalin-I.
Signed MoU with Ministry for 25.2 MT crude production in 2001-2002.
Tied up with IOC for NELP II deep-water blocks.
Formulated 20-year exploration strategy to double reserves to 12 BtOE.
Commissioned Tatipaka mini-refinery.
Introduced voluntary retirement scheme.
Planned Rs 5,000 crore investment to double reserves by 2020.
Consortium with Cairn Energy and Tata Petrodyne to invest $300 million in Lakshmi field.
Won Supreme Court litigation for Rs 500 crore.
Entered strategic alliance with IOC; set up ONGIO International Pvt Ltd.

2002

Board approved acquisition of Aditya Birla group's stake in MRPL.
Scrapped 350 MW Hazira power project.
Decided to offer equity to international majors for deep-water exploration.
Entered contract with GAIL for supply agreements.
Acquired 20% in Daewoo's South Korea gas project.
Retained top profit-making PSU status.
Became India's largest company by market capitalization.
Signed MoU with BHEL for oilfield equipment.
Signed price pact with IPCL for ethane and propane.
Got FICCI membership.
Government authorized retail of petrol and diesel.
Discovered 363 MMt crude in Gujarat.
Invited to join Haldia Petrochemicals.
HPCL tied up for LPG purchase.
Struck deal with refiners for crude at international prices.
Ranked no.1 in ET 500.
Bagged 13 oil blocks under NELP.
Hit oil and gas in deep-water block off Andhra Pradesh.
ONGC Videsh tied up with Talisman for 25% in Greater Nile project, Sudan.

2003

Struck huge oil and gas reserves west of Bassein field.
Found oil and gas in four locations offshore Mumbai, Assam, KG basin.
Discovered major leads at five locations.
Tied up with IOC for crude supply.
Acquired 37.38% equity in MRPL.
OVL purchased 25% stake in Sudan oilfield from Talisman for $771 million.
Struck oil and gas in Rajasthan.
Transferred O&M of three MSVs to SCI.
Retained top spot in ET 500 market cap.
Received first equity oil from Greater Nile project in Sudan.
Shipped Sudan oil to India.
Ranked in FT Global 500.
Entered MoU with BPCL for crude supply 2002-2004.
Hiked stake in MRPL to 71.49%.
Ended JV with IOC for training and consultancy.
Kicked off deep-water exploration.
OVL inked sales pact with OMV for Sudan blocks for $115 million.
Signed agreement with HPCL for crude supply.
Signed MoU for crude supply with HPCL.
Agreed to be equity partner in Dahej SEZ with GIDC.
Signed agreement with BPCL for cooperation.
Signed MoU with MRPL for crude supply.
Commenced drilling 46th well in Bengal basin, Gobindapur 1.
Entered transaction and strategic alliance with Cairn Energy.
Joined with China Petro to buy oil equity.
Unveiled $1 billion deep water drilling campaign in Gulf of Kutch.
Awarded five CBM blocks.
Government disinvested 10% equity.

2004

Market capitalization crossed Rs 100,000 crore.
Approved Rs 900 crore investment in five-million-tonne C2-C3 extraction plant.
Finance Minister allowed buy of MRPL stake.
Decided to offer 32 marginal fields to private operators.
Permitted to set up methane plant at Dahej.
Launched deep-water campaign Sagar Sammridhi.
Awarded Rs 1,006 crore contract to Larsen & Toubro.
Government divested 10% stake by selling 14.26 crore shares at Rs 750.
Awarded Rs 160 crore order to BHEL for oil exploration equipment.
Struck oil in Bassein offshore field.
Decided to float SEZ at Dahej with GIDC.
ONGC Group sales breached USD 10 billion.
Discovered gas at Khedabari, Tripura.
Tied up with IIFT for MBA course.
Entered MoUs with service providers for E&P efficiency.
Signed MoU with Schlumberger for value-based alliance.
Chairman Subir Raha conferred V Krishnamurthy award.
Signed agreement with IL&FS for gas-based power in North-East.
PTC India entered agreement for power trading.
Won polymers extraction project.
OVL acquired 55% holdings in Australian oil block.
Allied with KSPL, IL&FS for Kakinada SEZ.
NLCL tied up with ONGC.

2005

Clinched oil block deal in Nigeria.
Forayed into retail with first outlet at Mangalore.
Six geoscientists bagged national mineral award.
Tied up with Hindujas for LNG terminals.
Bagged Asiamoney trophy for best deals of 2004.
Entered MoU with Indian Airlines for aircraft lease.
Entered MoUs with Mittal Investments for ONGC Mittal Energy Ltd and ONGC Mittal Energy Services Ltd.
GMDC and ONGC forged alliance for coal gasification.
Signed MoU with IDE Infotech Ltd.
Joined hands with Rajasthan for Dholpur power project.
Signed agreement with CIL for coal mine gasification.
Finance Director received award.

2006

Tied up with Singareni.
Signed MoU with Maruti.
Inked deal with Halliburton to enhance oil production.
Dutch IT company secured contract.
Joined hands with MUL for vehicle lease.
Internal audit bagged ISO 9001 rating.
Issued bonus shares in 1:2 ratio.

2007

Signed MoU with Tatarska Geophysica Technologies for matured fields production.
ONGC and Eni signed agreement to swap exploration blocks.
Signed MoU with Ministry of Petroleum & Natural Gas for FY 2007-08 targets.
Entered MoU with BP for E&P collaboration.

2008

Started drilling in Cauvery deepwater block.
Bagged SCOPE Gold Trophy for corporate governance.
ONGC and Rocksource signed agreement for deepwater block partnership.

2009

Reported gas discovery in west Tripura block.
Achieved all-time record in oil and gas production.
Awarded Rs 753 crore contract to UAE company.
Awarded Golden Peacock Award for occupational health and safety.

2010

Granted Maharatna status.
Ranked 1st among global oil and gas E&P companies and 18th among energy majors in Platts 250.
Awarded 1st runner-up for Best Presented Accounts and Corporate Governance Disclosure.
Selected as Natural Gas STAR Program’s International Partner of the Year by US EPA.
Awarded Golden Peacock Award for climate security.
Awarded gold trophy for SCOPE Meritorious Award for R&D.
Awarded 2nd PSU Award for highest market capitalization.
Awarded BML Munjal Award for excellence in learning and development.

2011

Awarded Leading Oil and Gas Corporate and Exploration and Production Company of the Year.
Planned US $4 billion investment in Gujarat.
Showed interest in Trebs and Titov Arctic oilfields with Bashneft.
Sri Lanka awarded 3 hydrocarbon blocks.
Emerging as largest advance taxpayer for FY11 with Rs 8,492 crore.
Sold 600,000 barrels of crude to Japan.
Aban Offshore received new orders.
Made two new oil and gas discoveries in Gujarat.
OPaL awarded Rs 1,980 crore contracts for polyolefin projects.
Regained top rank by market cap.
Finalized three-year contract with Jet Drilling.
Appointed Sudhir Vasudeva as CMD.
Approved buying ADB stake in Petronet LNG.
Split face value of shares from Rs 10 to Rs 5.
Issued bonus shares in 1:1 ratio.

2012

BHEL secured Rs 774 crore contract from ONGC for onshore drilling rigs.
Inpex Corp acquired 26% stake in KG-DWN-2004/6 block.
ONGC Videsh signed agreements for interest in Azeri, Chirag, Guneshli Fields and Baku-Tbilisi-Ceyhan Pipeline.
Made huge oil discovery off West Coast to lift D1 output.
Inked agreement with Cairn India for North Tapti gas.

2013

Received global recognition in Green Rankings.
ONGC Videsh signed MoU with Coordinating Ministry for Strategic Sectors, Ecuador.
OVL and OIL signed agreements for Rovuma Area interest.
ONGC Videsh signed MoU with Petrovietnam.
ONGC Videsh signed agreements for 12% PI.
ONGC Videsh’s De-Kastri Oil Export Terminal named Russia’s Best Oil Terminal 2012.
Created world record for deepest water depth well.
ONGC Videsh acquired interest in Azeri, Chirag and Guneshli Fields in Azerbaijan.
Registered one of world’s biggest Clean Development Mechanism projects.
Signed MoU with RIL on Eastern Offshore facility sharing.

2014

ONGC, OVL and MRPL received Excellent Rating for 2012-13.
Inked MoU with Mitsui for petroleum and natural gas opportunities.
ONGC Videsh and Oil India signed PSC for two shallow water blocks in Bangladesh.
Achieved highest-ever market capitalization of Rs 3.56 trillion.
Rosneft and ONGC Videsh signed MoU for cooperation in Russian continental shelf.
Spudded first well in Palar Basin.
Signed MoU with Turkish Petroleum Corporation.
ONGC Videsh signed PSCs for two onland blocks in Myanmar.
Signed MoU with YPF S.A.
Inked MoU with ASI and Tourism Ministry to conserve Taj Mahal.
ONGC Videsh awarded exploration permit offshore New Zealand.

2015

ONGC Energy Centre received US patent on hydrogen generation process.
ONGC Videsh and Rosneft confirmed successful cooperation.
Petroleum Minister congratulated on Diamond Jubilee.
ONGC Videsh adjudged Best Miniratna at Dun & Bradstreet PSU awards.
PM launched drilling at Satpayev in Kazakhstan.
Received Golden Peacock Award for excellence in CSR.
Collaborated with IITs for Make in India in energy sector.
Acquired 43% stake in ONGC Mangalore Petrochemicals Ltd. (OMPL).
Entered MoU with Super Wave Technology Pvt. Ltd. for hydraulic fracturing research.
India Infrastructure Fund II acquired 23.5% stake in ONGC Tripura Power Company Ltd.

2016

Approved Rs 5,050 crore investment in Tripura.
Received green nod for drilling NELP-9 block in Gujarat.
ONGC Videsh acquired 15% interest in Vankor Field in East Siberia, Russia.
Shifted registered office to 5, Nelson Mandela Marg, Vasant Kunj, New Delhi.

2017

Bought 80% stake in GSPC and took operatorship of Block KG-OSN-2001/3.
Gas production increased by 10.8%; crude production by 2.9%.
ONGC Videsh completed acquisition of 30% PI in PEL 0037 offshore Namibia.
Azerbaijan extended ACG PSA to 2049 including ONGC Videsh.
Received government nod for Rs 7,738 crore GSPC stake buy.

2018

Opened India's 8th sedimentary basin with Kutch gas find.
Bought 77.88 crore shares in HPCL at Rs 473.97 per share.
Began drilling gas from onland block at Nagayalanka.
Launched government museum clean-up drive.

2019

ONGC Videsh made second oil discovery in Colombia.
Signed pact with Indian Oil to reduce carbon emissions and enhance oil recovery.
Investing Rs 83,000 crore in 25 projects with cumulative oil and gas gain over 180 MT.

2020

ONGC Videsh to acquire 13.6667% PI in exploitation area and 15% PI in exploration area under RSSD PSC offshore Senegal.
Bagged Golden Peacock Environment Management Award for second consecutive year.
Signed MoU with NTPC for joint venture in renewable energy business.
Contributed Rs 300 crore to PM Cares Fund for COVID-19.

2021

Inked MoU with SECI for renewable and ESG projects.
Launched sixth handicraft project under Azaadi Ki Amrit Mahotsav for especially-abled.
Organized student study tour under Azadi Ka Amrit Mahotsav.
Acquired 5% stake in Indian Gas Exchange (IGX).

2022

Inked MoU with Equinor for collaboration on E&P and clean energy.
Became first Indian E&P company to trade domestic gas on Indian Gas Exchange.
ONGC Videsh announced new discovery in Colombia.
Inked MoU with Greenko ZeroC for green hydrogen production.
Inked MoU with Shell for carbon capture, utilization and storage.

2023

Launched Shared Finance Services with IBM for vendor payment processes.
Inked MoU with NTPC Green Energy Limited for renewable energy projects.
Inked first-ever term contract with BPCL for crude oil sale under Marketing Freedom regime.

2024

Commenced commercial production in CBM Bokaro Block.
Commenced first oil production from KG-DWN-98/2 deepwater block in Krishna Godavari.
Entered joint venture agreement with NTPC Green for renewable energy.
Forged strategic partnership with Indian Oil to establish LNG plant near Hatta Gas Field.
Collaborated with Government of Jammu & Kashmir to enhance healthcare facilities at Baltal and Chandanwari.

Open Your Free Demat Account Now!

Step into a world of zero fees and limitless opportunities!

Version -5.76

Stocks:

All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Explore

Calculators

Popular Calculators

Group Stocks

Others:

NSE BSE CDSL NSDL SEBI MCX MSEI NCDEX NSE IFSC INDIA INX Account Closure Form DP Investor Charter Broker Investor Charter

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800