ONGC full form in English|| History, products, subsidiaries and awards!!


ONGC full form in English

ONGC full form in English: Oil and Natural gas corporation.


The ONGC is an Indian MNC and PSU corporation. That specialises in the public business of oil and natural gas. This New Delhi based corporation deals with consumer demands of crude oil and usable gas. The entire working body of ONGC follows the orders of its state-based enterprise. Moreover, this organisation is under the control of the Ministry of Petroleum and natural gas. Under the command of the central government. 70-80 out of 100 consumers uses its services. Making it the country's largest crude oil and gas provider. In the same vein, ONGC has received the prestigious Maharatna tag from the government of India. However, knowing the ONGC full form in English is worth it.



ONGC's most notable products are as follows:

  • Petroleum,
  • Natural gas,
  • LNG,
  • Lubricants,
  • Petrochemicals,
  • Electricity and
  • Crude oil.


BRIEF HISTORY OF THE ONGC:


Up to mid 19th century:


  • Prior to the independence of India, only two oil producers were active. The Assam Oil Company and the Attock Oil Company. That worked in the northeastern and western parts of British India.
  • After a year of independence, a new government was formed. It recognised the importance of petroleum sources. Consequently, framed laws in favour of making a whole industry out of it.
  • After several discussions and meetings. The ruling government founded the ONGC corporation. Only to work under their assigned motto. That focuses to plan, promote and organize programs. For the ultimate development of petroleum sources in the country. However, knowing the ONGC full form in English is worth it.


Afterwards, until the beginning of the 20th century:


  • After its establishment, ONGC is growing in its full speed. Along with its operations inside the country. The corporation has also spread overseas. The independent ONGC was helping small units to grow further. That was related to crude oil and other similar resources.
  • After the month of Feb 1994. ONGC was declared as a public sector undertaking i.e a PSU corporation. This PSU was then known internationally. However, some countries like Iran became ready to sign ventures with it. The infamous Rostum oilfield is one of its results.


Twenty, not one to twenty-twenty:


  • OVL and OIL are the two names that appear with ONGC. OVL is the part, that takes care of the foreign assets and relations. However, OIL is another Indian crude oil provider. But the fact is that both of them have made several relations with the outside world. That, is the Maharatna have begun to expand its relations with the globe.
  • However, in the present time. ONGC is in an attempt to develop and improve the country's conditions with oil and related sources. Specifically, in Tripura, it has ordered to drill new wells to suffice the place with the supplies. Impressed by its dedication, the Indian govt. allowed the HPC's acquisition by ONGC.


ONGC's NOTABLE SUBSIDIARIES:


ONGC is a mass provider of oil and natural gas in India. According to its gigantic consumer count. It has to operate its services through its smaller subsidiaries. In order to feed such a large number of consumer, countrywide. ONGC runs its services via the following subsidiaries:


1. ONGC Videsh Limited (OVL): It is the subsidiary that supervises foreign demands and relations. OVL was rechristened on 15th of June, 1989. It takes care of the oil and gas production. Along with its distribution procedures in foreign countries. The OVL is known to run more than thirty projects on the same niche. Being the foreign arm, ONGC holds complete hundred per cent stake of it.

2. Hindustan Petroleum Corporation Limited (HPCL): The HPCL is only for the Indian population. This particular subsidiary is known to produce oil and gas for the country. Having a prefix of Hindustan simply clarifies the task. Being headquartered in Mumbai, the company owes 25% share in the PSU sector. But, its parent company, i.e ONGC holds only fifty-one per cent shares of it. However, the rest is left for individual investors and general public demands.



THE OTHER TWO MEMBERS OF THE LIST:


3. ONGC Mangalore Petrochemicals Limited: This is another important subsidiary of ONGC. However, it is promoted and supported by ONGC & MRPL both. Moreover, they work collectively for the public demands of oil, gas and petrochemicals. MRPL is alone a big company and has its own subsidiaries. OMPL being the main among all is a huge complex. In other words, it was made with an investment of about 5000 crore rupees. Moreover, this Mangalore based subsidiary is a great asset to the Indian government.

4. ONGC sports: It is a completely different niche based subsidiary. But ONGC sports is known to own several different Indian sports teams. However, there is hardly any sport left with it. Starting from tennis, badminton, to cricket, football. It has its grasp overall kind of sports and their respective teams. However, it also owns several teams of chess, ludo, carrom, table tennis. And other small games like these.



AWARDS ONGC HAVE RECEIVED:


Being an excellent national and international fuel contributor. Moreover, this corporation has been honoured by several different awards and tags. Most notable among them are as follows:


  • Above all, it has won the Golden Peacock award twice. Once in the year of 2013 for occupational health and safety category. And once in 2014, for its corporate social responsibilities practices.
  • It was awarded by the Best company promoting sports award by FICCI in the year of 2014.
  • Moreover, it has also won, the Greentech Excellence Award in the platinum category, 2013.
  • Had remained the title sponsor for the Corporate social responsibility (CSR) award given by Amar Ujala.





















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