What Is the Full Form of ONGC in Organization?

The Full Form of ‘ONGC’ in Organization is ‘Oil and Natural Gas Corporation’.

Full Form of ONGC

The full form of ONGC in an organization is the Oil and Natural Gas Corporation. This state-owned enterprise is a major player in the global energy industry, involved in exploration and production of both oil and natural gas. Founded in 1956, this company has come a long way since then, with operations spanning across India as well as international locations such as Mozambique, Vietnam, Iraq, Sudan, South Sudan and Russia.

ONGC is the largest oil and gas producer in India. In fact, it supplies over 70% of the country’s total crude oil requirement and more than 60% of its natural gas requirement. With operations spread throughout the country, ONGC has established itself as one of the leading energy giants not only in India but also around the world.

The company’s core activities include exploration, extraction and refining of petroleum products like crude oil and natural gas. It also produces petrochemicals from these products that are used for commercial purposes like fuels for transportation or chemicals for industrial processes. Additionally, ONGC has expanded its portfolio to cover areas such as research & development (R&D), technology transfer & consultancy services; drilling engineering; reservoir engineering; geoscience services; etc.

At present, ONGC has several subsidiaries including Mangalore Refinery & Petrochemicals Ltd., Gujarat State Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd., etc., to help it achieve greater success in its operations. The company also owns stakes in various joint venture companies such as GAIL India Limited (GIL), Petronet LNG Limited (PLL) and HPCL-Mittal Energy Limited (HMEL).

Apart from production activities, ONGC also focuses on social welfare through its corporate social responsibility initiatives like education support programs for underprivileged children; healthcare initiatives for tribal communities living near their operational areas; environment-friendly projects related to water conservation & waste management; etc. The company also invests heavily in promoting renewable sources of energy such as solar power generation and wind power generation so that it contributes towards a sustainable future for all stakeholders involved.

Overall, Oil and Natural Gas Corporation (ONGC) is one of the most important players when it comes to global energy supply chain management. With its extensive operations across multiple countries and focus on both production activities as well as social welfare programs through CSR initiatives, ONGC has managed to establish itself firmly amongst other big names in the industry.

---