UNC set: ONGC

cover
obverse
reverse
5 rupee copper-nickel
ONGC 50 rupee obverse
50 rupee reverse

Oil and natural gas corporation (ONGC) is one of Asia's largest and most active companies involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometres of pipelines in India. Until recently (March 2007) it was the largest company in terms of market cap in India.

ONGC is considered Asia's best Oil & Gas company . It ranks as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. It ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004).