Awards and Achievements of ONGC
- ONGC has received the Golden Peacock Environment Management Award multiple times for its outstanding contribution to environmental management.
- Impressed by the performance of ONGC, the Government of India awarded it the title of ‘Maharatna‘ in November 2010.
- In the year 2012, Forbes ranked it 155th in its annual ranking of Forbes Global 2000 for outstanding performance in the global market.
- ONGC has won National Safety Awards from the Government of India several times for its outstanding safety performance.
- ONGC has received ISO 9001 certification for its excellent Quality Management System.
ONGC Full Form
ONGC Stands for Oil and Natural Gas Corporation. The Oil and Natural Gas Corporation is an Indian central public sector undertaking(PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Its headquarter is in Dehradun. It was founded on 14th August 1956 by the Government of India.
The Oil and Natural gas corporation, ONGC, is a unique and torchbearer company in its field. As it has in-house service capabilities for crude oil exploration and natural gas production. It is the largest government-owned oil and gas explorer and producer in the country. It produces around 70% of India’s crude oil.
This company is a public sector enterprise. And the public has a stake in this enterprise as well. The shares of this company are also reliable and have performed well in the stock market. The investors are impressed by the big sum of dividends it gives to its shareholders per year.