ONGC's net worth FY 2012-2019

India was the third largest consumer of oil globally in 2017. The oil and gas sector was one of the eight core industries in the south Asian country. Furthermore, it played a major role for the development of the economy. In 2018, major consumption of natural gas in the nation came through the fertilizer industry. ONGC was the largest oil and gas exploration and production company in India. With a net worth of over two trillion Indian rupees in financial year 2019, the state-owned enterprise produced about 70 percent of the country’s crude oil, and over 80 percent of its natural gas.

Natural gas in India

In 2019, the production of offshore natural gas by public sector units in India amounted to around 52 million metric standard cubic meters per day. The onshore production, however, remained comparatively low. With robust economic growth, foreign direct investments in the Indian oil and petroleum sector were estimated to increase exponentially.

Energy sector in India

India has had a pronounced growth in energy sector investments in recent years. Coal energy, one of the primary sources of electricity within the nation, could presumably face rising challenges from water shortages and the growth of low-cost renewables. Government policies have been adapted to suit and encourage eco-friendly energy principles. In addition, decreased on and offshore prices of renewable resources are likely to weaken the fossil fuel industry even further.

Net worth of Oil and Natural Gas Corporation Limited from financial year 2012 to 2019

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Release date

August 2019



Survey time period

FY 2012 to FY 2019

Special properties


Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

One Indian rupee is equal to 0.013 U.S. dollars and 0.011 euros (as of August 2020).
Values have been rounded.

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Statistics on "Petroleum sector in India"

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