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Oil India was formed in 1959 to operate this new field and other nearby concessions, with Burmah Oil holding 2/3rd equity holding and Government of India holding 1/3rd equity. Later in 1961, this was changed to 50/50 shareholding. In 1982, Burmah Oil transferred all its shares to Government of India and Oil India became 100% Government owned.
Mangalore Refinery and Petrochemicals Limited (MRPL), is a division of Oil and Natural Gas Corporation (ONGC) which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. [4] Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore.
Hindustan Prefab Limited: 2019 29: Scooters India Limited: 2021 30: Hindustan Fluorocarbons Limited: 2021 31: Bharat Pumps & Compressors: 2021 32: Cachar Paper Mill & Nagaon Paper Mill- The units of Hindustan Paper Corporation Limited: 2021 33: Sugar Mill: 2021 34: Handicrafts and Handlooms Export Corporation of India: 2021 35: Indian Drugs ...
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas .
In May 2018, IOCL became India's most profitable government corporation for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18. [16] In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 140,000 barrels per day of crude in year 2020. [17]
The Indian Institute of Petroleum and Energy Act, 2017 (No.3 of 2018) enacted by the Parliament and declared the Institute as an 'Institution of National Importance'. IIPE has achieved this prestigious status by joining with the major oil and gas corporations such as HPCL, IOCL, ONGC, OIL & GAIL.
Chief Managing Director, Oil and Natural Gas Corporation: Arun Kumar Singh: 7 December 2022 Chairperson and managing director, Gas Authority of India Limited: Sandeep Kumar Gupta: 1 September 2022 Chairperson, Indian Oil Corporation Limited: Shrikant Madhav Vaidya: 1 July 2020 Chairperson and managing director, Oil India Limited: Ranjit Rath: 1 ...
India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [4] By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.