ONGC is a public sector company that produces Oil and Natural Gas. The company was incorporated in 1956 by the Government of India. The company is the largest Energy producer in India. Maharatna ONGC is the largest crude oil and natural gas company in India where it contributes 71% of its revenue.
ONGC revenue breakup
Crude Oil – 70% of FY21 revenue
Natural Gas – 17% of FY21 revenue
Value Added Products(VAP) – 13%
ONGC share price target 2022
ONGC is the largest oil extractor company in India and this company is involved in other activities such as refining and exporting. ONGC has several business segments like ONC Videsh which is responsible for international operations and this is India’s second OIL marketing company. MRPL (Mangalore Refinery and Petrochemicals Limited) and PMHBL (Petronet MHB Limited) are the two other refinery companies.
ONGC share price target 2023
ONGC has several joint ventures with other companies. some of them are
- OTPC (ONGC Tripura Power Company Ltd)
- OTBL (ONGC TERI Biotech Ltd)
- IGGL ( Indradhanush Gas Grid Ltd)
- MSEZ (Mangalore Special Economic Zone)
ONGC share price target 2025
ONGC has a very vast production facility where it produced 5.350 MMTOE (Million Metric Tonnes of Equivalent Oil) in that 22.533 MMT (million metric tonnes) and 22.816 BCM (Billion Cubic Metres) of Oil and gas contributed respectively. ONGC drilled approximately 480 wells during FY21 where the wells stood at 500 in the last 5 years.
ONGC share price target 2030
ONGC also has a