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Monday, 10 October 2011

ONGC holds largest share of hydrocarbon acreages in India

The energy crisis is looming large in India. It is a subject of discussion in every forum. ONGC tenders also create news.  The reasons are obvious. The performance of Indian economy depends on the supply of appropriate energy to appropriate places. After all, the performance of industries depends on the availability of energy. The government is finding ways to mitigate the situation.

ONGC is always on the spotlight because of ONGC projects. The company holds largest share of hydrocarbon acreages in India. It contributes over 79 percent of Indian’s oil and gas production. ONGC’s refining capacity is about 12 MMTPA. The public sector giant created a record of sorts by turning around Mangalore Refinery and Petrochemicals Limited from being a stretcher case for referral to BIFR to the BSE Top 30, within a year.

ONGC tenders also suggest more than the numbers. One can deduce a lot more from these documents. They point to the availability as well as demand-supply gap of energy in the market. It also tell who are in the fray to utilise the available opportunity.

ONGC reports further provide the macro-picture of the economy’s energy need, possible areas of growth as well as the deficient areas where attention is required. The reports also suggest the course of action the public sector giant is likely to take in future. ONGC also acknowledges its financial health and how it plans to grow further. 

Being an oil exploration company, ONGC projects are its core strength. The projects, the public sector giant undertakes, are diverse and varies from location to location. These projects require diverse manpower with varied expertise.