Wednesday, September 7, 2011

ONGC IPO LTD.

Dear Investors,

Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has to be fixed yet.

Oil and Natural Gas Corporation Limited (ONGC) the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.


Few highlights about ONGC:

ONGC is a Fortune Global 500 company ranked 413.
ONGC is Asia's largest and most active company.
ONGC is at Rank 18th in top Global Energy Company Rankings.
ONGC contribute 77% of India's crude oil production and 81% of India's natural gas Production.

Company Promoters:

The promoter of the company is President of India

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