What does ONGC stand for?

ONGC stands for Oil and Natural Gas Corporation, India's largest crude oil and natural gas company.

What is ONGC's primary business?

ONGC's core business involves the exploration, development, and production of crude oil and natural gas resources in India and internationally.

Is ONGC a government-owned company?

Yes, ONGC is a Public Sector Undertaking (PSU) with a majority stake held by the Government of India, making it a state-owned enterprise.

What is ONGC's significance to India's energy sector?

ONGC is crucial for India's energy security, contributing significantly to domestic crude oil and natural gas production, thereby reducing import dependence.