ONGC Company Profile
ONGC Company Profile
Is Asia?s best Oil & Gas company, as per a recent survey conducted by US-based magazine ?Global Finance?.Its Ranks as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. Also its Ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). [ONGC was ranked 17th till March 2004, before the shares prices dropped marginally for external reasons.Is placed at the top of all Indian Corporates listed in Forbes 400 Global Corporates (rank 133rd) and Financial Times Global 500 (rank 326th), by Market Capitalization. Is recognized as the Most Valuable Indian Corporate, by Market Capitalization, Net Worth and Net Profits, in current listings of Economic Times 500 (4th time in a row), Business Today 500, Business Baron 500 and Business Week.Has created the highest-ever Market Value-Added (MVA) of Rs. 24,258 Crore and the fourth-highest Economic Value-Added (EVA) of Rs. 596 Crore, as assessed in the 5th Business Today-Stern Stewart study (April 2003), ahead of private sector leaders like Reliance and Infosys. ONGC is the only Public Sector Enterprise to achieve a positive MV A as well as EVA.Is targeting to have all its installations (offshore and onshore) accredited (certified) by March 2005. This will make ONGC the only company in the world in this regard.Owns and operates more than 11000 kilometers of pipelines in India, including nearly 3200 kilometers of sub-sea pipelines. No other company in India operates even 50 per cent of this route length. Crossed the landmark of earning Net Profit exceeding Rs.10,000 Crore, the first to do so among all Indian Corporates, and a remarkable Net Profit to Revenue ratio of 29.8 per cent. The growth in ONGC's profits is not solely due to deregulation in crude prices in India, as deregulation has affected all the oil companies, upstream as well as downstream, but it is only ONGC which has exhibited such a performance (of doubling turnover and profits).Has paid the highest-ever dividend in the Indian corporate history.Its 10 per cent equity sale (India's highest-ever equity offer) received unprecedented Global Investor recognition. This was a landmark in Indian equity market, establishing beyond doubt, the respect ONGC's professional management commands among the global investor community. According to a report published in 'The Asian Wall Street Journal (Hongkong)', ONGC's Public Issue brought in 20 Foreign Institutional Investors (FIls) to India, as (it was reported), 'they could not ignore the company representing India's energy security'.The Market Capitalization of the ONGC Group (ONGC & MRPL) constitutes 10 per cent of the total market capitalization on the Bombay Stock Exchange (BSE). ONGC has an equity weightage of 5 per cent in Sensex; 15 per cent in the Nifty (the only Indian corporate with a two-digit presence there); ONGC commands a 7 per cent weightage in the Morgan Stanley Capital International (MSCI) Index.The growth in ONGC's Market Capitalization (from Rs. 18,500 Crore before May 2001 to Rs. 1,25,000 Crore in January 2004) is unprecedented and except Wipro (who had a higher market capitalization temporarily), no other Indian company (either in public or private sector) has seen such a phenomenal growth.ONGC has come a long way from the day (a few years back) when India and ONGC did not figure on the global oil and gas map. Today, ONGC Group has 14 properties in 10 foreign countries. Going by the investments (Committed: USD 2.708 billion, and Actual: USD 1.919 billion), ONGC is the biggest Indian Multinational Corporation (MNC). ONGC ended the sectoral regime in the Indian hydrocarbon industry and benchmarked the globally- established integrated business model; it took up 71.6 per cent equity in the Mangalore Refinery & Petrochemicals Limited (MRPL), and also took up a 23 per cent stake in the 364-km-long Mangalore-Hasan-Bangalore product Pipeline, connecting the refinery to the Karnataka hinterland. By turning around MRPL in 368 days, ONGC has set standards of public sector companies reviving joint (or private) sector companies, proving that in business, professionalism matters, not ownership.Career Opportunities:
Oil and Natural Gas Corporation Limited (ONGC) is a company with a global vision and noble mission. Having a strong manpower force of over 41,000 dedicated to the common cause of technological innovation and process of reinventing themselves, it can boast of having experts in all aspects relevant to the entire gamut of E&P business and even those within its pale.Apart from an excellent atmosphere for growth, the company offers a package of remuneration that compares with the best in the Indian industry. It includes basic pay and dearness allowance, contributory provident fund, conveyance maintenance reimbursement, leave fare assistance / encashment, holiday home facility, medical facilities for self and dependent, gratuity, self contributory post-retirement scheme, composite social security scheme and soft loans, etc.So if you are searching for a company... With a noble mission Where technology counts Where people matter & each individual makes a difference in the working environment Where the company reciprocates... then ONGC is the place to be at.
For more details visit www.ongcindia.com
2009-2016 downloadmela.com. All rights reserved.