Adoption of Mpesa

...

Fertilizer Sector

Impact of Price Fall

Hypotheses 1

Hypotheses 2

The Descriptive Statistics from SPSS

From the Descriptive statistics table given above, we can interpret that:

Frequency Analysis of Each Question

Hypothesis-1

Hypotheses 2

Results of Hypothesis

Conclusion

Annexure -1

Annexure -2

Introduction

Introduction of the Company

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Oil and Natural Gas Corporation Limited (ONGC) is India’s premier organization engaged in exploration and exploitation of Hydrocarbons, with its registered office at Jeevan Bharati in New Delhi; Head Quarters at Dehradun and Regional Headquarters and work centers spread all over India makes significant contributions to the industrial and economic growth of the country.

ONGC is one of the fastest growing companies in the world. It is fully integrated petroleum company in India, operating along the entire Hydrocarbon value chain. ONGC produces value added products from its own plants. It is also the largest E&P Company in India and one of the top 25 energy companies in Asia. It is a PSU of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas. Against a global decline of production from matured fields, ONGC has maintained production from its brown fields like Mumbai High, with the help of aggressive investments in various Improved Oil Recovery &Enhanced Oil Recovery schemes. It operates over 11,000 kilometers of pipelines (HVJ) in the country.

- Website – www.ongcindia.com

Brief History –

At the time of pre-independence periods there are only two companies which is based on oil and gas – Assam Oil Company & Attock Oil Company. After independency, Government realized the importance of oil and gas and also realized that the development of petroleum industry in the country became necessity.

In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up towards the end of 1955. Under the leadership of Mr. K.D Malviya minister of natural resources, visited many European countries to study the status of oil industry in those countries and to facilitate the training of professionals for exploring oil & gas reserves.

The main functions of the ONGC to plan, promote, organize, and implement programs for development of Petroleum Resources and the production and sale of petroleum products by it. With this function, ONGC not only found new resources in Assam but also established new oil province in Cambay basin, Gujarat. ONGC discovered a giant oil field in the form of Mumbai High, it is a huge discoveries of huge oil and gas fields in Western Offshore changed the oil scenario of the country. ONGC was re-organized as a limited company under the Company’s Act 1956 in Feb’94; Government disinvested 2% of its shares through competitive bidding. In 1999, ONGC, Indian OilCorporation – a downstream giant and Gas Authority of India Limited – the only gas marketing company, agreed to have cross holding in each other’s stock. Government sold off 10% of its share holding in ONGC to IOC & 2.5% to GAIL.

In the year 2002-03, after taking over MRPL from the A.V. Birla Group, ONGC diversified into the downstream sector. ONGC has made major investments in Vietnam, Sakhalin and Sudan

Organization Structure

Strategic Evolution

Figure 1 ONGC group of companies in different sectors

Products of ONGC

Vision

“To be Global Leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices”.

Mission

- Dedicated to excellence by leveraging competitive advantages in R & D with involved people.

- Imbibe high standard of business ethics & organizational values.

- Strive for customer delight through quality Products & Service.

Objectives & SWOT Analysis

- To develop and sustain core values.

- To enhance the quality of life of employees and their family.

- To foster a climate of creativity, innovation and enthusiasm.

SWOT Analysis

Strengths

- Market Leader in Oil & Gas Sector in India.

- Strong Infrastructure, Strong Visionary Leadership

- Owns equity of Oil and Gas abroad.

- One of the companies of ‘MAHARATNA’.

- Strong financial position of the company with Oil & Gas Reserves and the value added products.

- Fully integrated company in all the sectors of Oil & Gas business- Exploration & Production, Refining, Sales of crude Oil & Gas.

Weakness

- No experience in Retail Marketing of Petroleum Products.

- No major exploration except Bombay High.

- ONGC has to bear the 1/3 of the loss which occurs due to subsidy provided by Government for Petrol.

Opportunities

- Entry into CBM, Gas