Oil & Natural Gas Corporation Ltd. (ONGC) was founded in 1956 and is headquartered in Dehradun, India. The company’s primary purpose is to explore and produce oil and natural gas, making it the largest hydrocarbon exploration and production company in India. ONGC plays a crucial role in the country's energy sector, contributing significantly to domestic oil and gas production.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
ONGC has been an active participant in the bond market since the early 2000s, with notable issuances aimed at financing capital projects and operational costs. One significant bond issuance occurred in 2018, where the company raised ₹12,000 crore through a mix of 10-year and 15-year bonds. As of October 2023, ONGC's bond yields are competitive within the industry, often reflecting a steady demand owing to the company’s strong credit rating and its strategic importance in India’s energy landscape. The company has also introduced green bonds to support environmentally sustainable projects, showcasing its commitment to advancing energy efficiency and reducing carbon footprints.