Escolar Documentos
Profissional Documentos
Cultura Documentos
Oil & Natural Gas Corporation Limited (ONGC) is the premier company in the Indian upstream of Petroleum Sector. Born in 1956. ONGC was public in 1994. Its produces 77 percent of Indias domestic petroleum and 81 percent of its natural gas.
Company Details
Vision Statement
Mission Statement
World Class Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people. Imbibe high standards of business ethics and organizational values.
HISTORY
During pre- independence period the Assam Oil Company and Attock Oil company was the only oil company in India. After independence, the national Government realized the importance oil and gas for rapid industrial development.
Oil India Ltd is a 50% joint venture between Government of India and Burma Oil Company. In West Bengal, the Indo-Stanvac Petroleum project is a joint venture between Government of India and Standard Vacuum Oil Company of USA. In 1955, Oil and Natural Gas Directorate was set
Oil and Natural Gas Commission was later change to Oil and Natural Gas Corporation in 1994. In 1958, ONGC found a oil-well in Cambay now Khambhat which was a first well owned by Government of India only. ONGC went offshore in early 70's and discovered a giant oil field in the form of Bombay High, now known as Mumbai High.
Global Ranking
ONGC ranks 3rd Oil & Gas Exploration & Production (E&P) Company in the world and 23rd among leading global energy majors as per Platts 250 Global Energy Companies List for the year 2009 ONGC ranks 24th among the Global publicly-listed Energy companies as per PFC
LPG
MS/ Naphtha
Benzene
ONGC Ltd. Cambay production of Crude Oil, Natural Gas and Crude Oil processing & Transportation. Their customer are:
IOCL (Crude Oil) GAIL (Natural Gas) GSPC/NIKO (Processing of Crude Oil) HERAMEC Ltd. (Processing of Crude Oil)
Broad Function
Stacking of released locations and Handling over a Drilling & Oil Mining Land acquisition Preparation of approach roads and drill sites Preparation of GTO (Geological Technical Order) and other related technical data.
2) Environment:
Protecting the environment
3) Market Place:
Being truthful in advertising Avoiding price discrimination
4) Social Welfare:
Donating to charity
Activities
CORPORATE LEVEL: ONGC s CSR programs at the corporate level focused on disaster relief management and water management projects. When a heavy cyclone hit the eastern state of Orissa in 1999,ONGC provided immediate relief like food , drinking -water, medicine, clothing etc.
SOCIETY:
ONGC was involved various community
facilities.
ONGC Company has been facing hurdles in its efforts to invite global bids for high tech drilling operations as the local industry has been
Ratio Analysis
Debtors Turnover Ratio Company Mar 07 17.61 5.24 28.29 Mar 08 16.87 11.29 26.87 Mar 09 15.16 17.18 26.29
ONGC Ltd
HOEC RIL
Cairn India
--
2.44
Investment Turnover Ratio Company Mar 07 150.64 22.79 10.65 Mar 08 122.77 11.29 10.57 Mar 09 111.98 17.18 12.92
ONGC Ltd
HOEC RIL
Cairn India
--
--
--
Inventory Turnover Ratio Company Mar 07 19.99 5.24 10.65 Mar 08 122.77 11.29 10.57 Mar 09 111.98 17.18 12.92
ONGC Ltd
HOEC RIL
Cairn India
--
--
--
Net Profit Ratio in % Company ONGC Ltd Mar 07 25.79 Mar 08 25.93 Mar 09 23.5
HOEC
RIL Cairn India
1.93
10.64 -494.77
24.53
14.45 -252.62
41.94
10.65 34.35
Earning Per Share Company ONGC Ltd Mar 07 73.14 Mar 08 78.09 Mar 09 75.4
HOEC
RIL Cairn India
0.32
85.71 -0.17
1.85
133.86 -0.44
4.1
97.28 0.29
Finding The company having comfortable working capital position. The absolute liquidity of the ONGC Limited is in favors. The collection policy of the company is very good. Inventory turnover ratio is high in 2007-08 as compare to the previous year but in current year which is little bit lower than previous year but ONGC Limited had good Inventory Turnover Ratio in comparison with other industries
BIBLIOGRAPHY
www.ongcreports.com www.ongcindia.com www.moneycontrol.com Annual Reports
Thank You