Corporate Laws – IPresentation On:

Oil & Natural Gas Corporation Limited

Submitted TO: Submitted BY:

Dr. Deepika Tomar Adarsh Jain

Akshara Talegaonkar

B.Com. (H) Sem III Sec ‘A’

Introduction• The Oil and Natural Gas Corporation Limited (ONGC) was the

largest oil exploration and production (E&P) company in India. The company enjoyed a dominant position in the country's hydrocarbon sector with 84 per cent market share of crude oil & gas production. Around 57 per cent petroleum exploration licenses in India for over 588 thousand sq. km belonged to ONGC.

• ONGC's major products included petroleum, crude natural gas, liquefied petroleum gas (LPG), kerosene and petrochemical feedstock.

VISIONTo be the global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices.

History(BIRTH AND GROWTH OF ONGC)

• Creation of Oil and Natural Gas Commission– Oil & Natural Gas Directorate upgraded to Oil and Natural Gas

Commission in 1956.– Commission converted into a statutory body by Act of Parliament in

1959 for planning, promoting, organising and implementation of programme for development of Petroleum resources in India.

– Hydrocarbon India Ltd. (HIL), precursor to ONGC Videsh Ltd., formed in 1965.

• Oil and Natural Gas Commission becomes Oil and Natural Gas Corporation on 1st Feb.’1994.

• In 1997 ONGC is declared as one of the “Navratna” PSU.• ONGC becomes a “Maharatna” PSU in 2010.

Board of Directors

Ranking• In a government survey for FY 2011–12, it was ranked as the

largest profit making PSU in India. ONGC has been ranked 357th in the Fortune Global 500 list of the world's biggest corporations for the year 2012. It is ranked 17th among the Top 250 Global Energy Companies by Platts.

• ONGC has improved on its global ranking up by a notch to feature at 21st place among the global energy majors. In the Asia/Pacific (APAC) rim, ONGC was featured at the 5th position, up from 7th last year. ONGC has also maintained its position as the 3rd ranked Exploration and Production company globally.

PRODUCTS OF ONGC• Crude oil• Natural gas• Ethane• Superior Kerosene Oil• HSD• LPG• Motor Spirit• Aromatic Rich Naptha

Corporate Social Responsibility (CSR)

• As a public sector enterprise, ONGC has a long and cherished tradition of commendable initiatives, institutionalized programs and practices of CSR.

• There are many social responsibilities which have been undertaken by ONGC some of them are:– Education– Healthcare– Entrepreneurship schemes– Women Empowerment Projects and– Environmental Protection

PRECEPTION TOWARDS EMPLOYEES

• Company has vast pool of skilled and talented professionals–the most valuable asset for the company. Company continued to extend several welfare benefits to the employees and their families by way of comprehensive medical care, education, housing and social security.

"Not only had India... set up her own machinery for oil exploration and exploitation... an efficient oil commission had been built where a large number of bright young men and women had been trained and they were doing good work."

- Pandit Jawahar Lal Nehru, India's first Prime Minister to Lord Mountbatten, on ONGC (1959).

Shareholding Pattern

THANKYOU