The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India’s domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
ONGC declares results for Q3 FY’24: Posts Consolidated Net Profit of ₹ 10,748 Crore, declares 2nd interim dividend of ₹ 4.00 per share
ONGC Q3 results: Net profit drops 7.9% to Rs 10,748 cr, firm declares dividend.
ONGC, which accounts for 67% of India’s oil and 54% its gas production, also declared an interim dividend of 80 per cent, i.e. ₹4 per equity share.
