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Company Directory - Oil and Natural Gas Corporation Limited

Company Details - Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited Logo

Oil and Natural Gas Corporation Limited

Website

Dehradun, India

NSE: ONGC, BSE: 500312 

ONGC is a state-run oil and gas corporation in India, engaged in exploration, production, and refining of crude oil and natural gas. It plays a crucial role in fulfilling India's energy needs and contributes significantly to the national economy.

CCI Score

CCI Score: Oil and Natural Gas Corporation Limited

-54.53

2.42%

Latest Event

ONGC Gas Leak Crisis in Assam

A prolonged gas leak at an ONGC well in Assam has forced the evacuation of 70 families and impacted approximately 1,500 locals. The incident, which started on June 12, 2025, has persisted for several days, prompting ONGC's crisis management team led by Director Vikram Saxena to take control of the situation. The event raises serious concerns over operational safety and community impact.

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QUISLING

Oil and Natural Gas Corporation Limited is currently rated as a Quisling.

-44 to -59 CCI Score
These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

  • ONGC Gas Leak Crisis in Assam Logo
    JUN
    15
    2025

    A prolonged gas leak at an ONGC well in Assam has forced the evacuation of 70 families and impacted approximately 1,500 locals. The incident, which started on June 12, 2025, has persisted for several days, prompting ONGC's crisis management team led by Director Vikram Saxena to take control of the situation. The event raises serious concerns over operational safety and community impact.

  • ONGC Assam Asset Employees' Union Sit-In Protests Logo
    MAY
    27
    2025

    Employees at ONGC Assam Asset have staged an indefinite sit-in at the company's head office in Nazira since May 21, 2025, demanding the restart of the recruitment process, restoration of overtime allowances, regularization of temporary staff, and improved safety measures. The protest highlights concerns over the company outsourcing work and halting local employment opportunities.

  • -70

    Labor Relations and Human Rights Practices

    June 15

    The company's decision to halt recruitment and its abrupt withdrawal of long-standing overtime allowances—coupled with outsourcing practices—has led to significant labor unrest. This action undermines job security, fair labor practices, and the well-being of many employees, reflecting a disregard for workers' rights and contributing to an authoritarian labor environment.

    Sit-in by employees' union of ONGC Assam Asset

  • ONGC Safety Negligence Endangers Lives Logo
    MAR
    12
    2025

    On March 12, 2025, a hydrogen sulphide gas leak at ONGC's Kesanapalli gas collection station in Andhra Pradesh resulted in injuries to workers and a local child, highlighting repeated safety protocol breaches and poor maintenance. The incident has drawn sharp criticism from human rights groups for endangering worker and community wellbeing.

  • -70

    Labor Relations and Human Rights Practices

    June 15

    ONGC's failure to adhere to essential safety norms, resulting in a hazardous hydrogen sulphide gas leak that harmed workers and a local child, demonstrates a significant neglect of labor rights and human safety. Such disregard for worker protections is aligned with practices that undermine ethical business responsibilities and expose employees to serious risks.

    ONGC disregarding safety norms, endangering human lives: Human Rights Forum in Andhra

  • ONGC Political Donation via SBI Electoral Bonds Logo
    MAR
    23
    2024

    ONGC, a state-run oil and gas corporation, was identified as one of 41 companies that donated electoral bonds to the BJP under the controversial SBI scheme, raising concerns about corporate involvement in political funding. The donation came to light amid probes by agencies like the CBI, ED, and IT, which adds to broader worries about the influence of corporate money in politics.

  • -70

    Political Contributions and Lobbying Efforts

    June 15

    The reported donation via electoral bonds implicates ONGC in a system that channels corporate funds to support right-wing political agendas. This action contributes to the erosion of political transparency and accountability, thus reinforcing authoritarian practices. The negative score reflects concerns about endorsing a system that benefits an authoritarian political establishment.

    SBI electoral bonds data: 41 companies under CBI, ED, IT scanner donated Rs 1,698 crore to BJP after raids

  • ONGC Involvement in South Sudan Oil Revenue Linked to Atrocities Logo
    NOV
    14
    2023

    A Global Witness investigation reports that ONGC, as a junior partner in South Sudan oil joint ventures, is helping generate oil revenue that may be financing abuses and human rights violations, potentially contributing to war crimes. The Council of Ethics has warned that ONGC risks being complicit in severe atrocities by working alongside actors tied to extreme violence.

  • -70

    Business Practices and Ethical Responsibility

    June 15

    ONGC has been implicated through its involvement in South Sudan oil extraction, where its generated revenue is potentially used to finance military operations and human rights abuses. This indicates a significant shortfall in ethical business practices and responsibility towards preventing funding that may sustain authoritarian violence.

    Fuel to the fire: EU banks and investors tied to violence in South Sudan

  • -60

    Economic Collaboration

    June 15

    ONGC's role as a junior partner in joint ventures in South Sudan positions it within a revenue stream that is linked to funding state and military operations responsible for atrocities. This economic collaboration raises serious concerns about complicity in enabling an authoritarian environment that perpetuates violence and abuse.

    Fuel to the fire: EU banks and investors tied to violence in South Sudan

  • ONGC Excluded by Norges Bank for Human Rights Violations Logo
    SEP
    01
    2021

    In September 2021, Norges Bank excluded ONGC from its investment portfolio due to its alleged ties to groups accused of systematic human rights violations in South Sudan.

  • -80

    Labor Relations and Human Rights Practices

    June 15

    ONGC has been blacklisted by Norges Bank over its alleged links with groups responsible for grave and systematic human rights violations in South Sudan, raising serious concerns about its adherence to ethical business practices and respect for human rights. This negative action reflects its complicity in unethical practices.

    Norges Bank excludes India's ONGC and three Israeli companies over grave human rights violations

  • ONGC CSR Spending as Political Signaling Logo
    JUN
    01
    2017

    A 2019 report by The Wire revealed that ONGC has allocated part of its CSR funds to projects with strong political overtones, including initiatives linked to the BJP and RSS. This approach integrates corporate social responsibility with politically charged projects such as funding for yoga, Sanskrit promotion, and heritage-related projects in key nationalist constituencies, effectively signaling support for an authoritarian nationalist agenda.

  • -70

    Political Contributions and Lobbying Efforts

    June 15

    ONGC is using its CSR expenditures to fund initiatives that align with the ruling party’s and nationalist groups’ ideological agendas. Allocating funds to projects tied to BJP interests, RSS-associated institutions, and culturally charged programs suggests an effort to use state resources for political signaling, which undermines the genuine social objectives of CSR.

    When it Comes to CSR Spending, ONGC Reads the Political Signals Well

Corporate Financials

Revenue
2023
$259.02B
Total Assets
2023
$665.00B
Operating Income
2023
$46.90B
Total Equity
2023
$253.00B

Industries

211120
Crude Petroleum Extraction
213111
Drilling Oil and Gas Wells
486110
Pipeline Transportation of Crude Oil
486210
Pipeline Transportation of Natural Gas