• Profile

What's New


Joint Ventures/Associates

  • ONGC Tripura Power Company Limited (OTPC)

    Your company has promoted OTPC with envisaged equity stake of 50% along with Govt of Tripura (0.5%) and IL&FS (26%) to set-up 726.6 MW (2 x 363.3MW) gas based Combined Cycle Power Plant (CCPP) at Pallatana in Tripura to monetize its idle gas assets in Tripura. The generation project is in advanced stage of implementation by Bharat Heavy Electricals Limited, as the turnkey EPC contractor. The financial closure of the project has been achieved and various linkages like gas supply from ONGC and power off-take by NE states have already been tied up. The company has successfully accomplished, riding on the back of a breakthrough transport agreement with the Government of Bangladesh, the highly challenging task of transporting the heavy and over dimensional project equipment to the site through multi-modal transportation route through Bangladesh. In view of the enormous challenges involved in setting up the project at such a remote location, the project timelines have been revised. The commissioning of Unit-I is expected in August 2012, and that of Unit II in December 2012.The total approved cost of the project is Rs 34,290 million and the financial progress in terms expenditure incurred till 30th April 2012 is Rs 23,210 million.

  • ONGC Petro-additions Limited (OPaL)

    Your Company has promoted a JV company "ONGC Petro-additions Limited" (OPaL) with envisaged equity stake of 26% along with GAIL (15%) and Gujarat State Petroleum Corporation Ltd (GSPCL) (5%) to implement a mega petrochemical complex comprising of 1.1 MMTPA ethylene Cracker and global scale polymer units within Dahej SEZ as a step towards downstream integration at a total revised cost of Rs. 213960 million. Project implementation is in full swing with 95% of contracts awarded and overall progress of the project is 53.2% as on 30th April 2012.

  • Mangalore Special Economic Zone Limited (MSEZ)

    ONGC with envisaged equity stake of 26% in MSEZ along with KIADB (23%) and IL&FS+KCCI (51%) is promoting an SEZ in coastal Mangalore. Ministry of Commerce & Industry has formally notified to set up a Petro-chemical Specific SEZ in 1630 acres of land. Total land in possession is 2323 acres which includes 1543 acres of land for MSEZ and other Domestic Tariff Area (DTA) land for Resettlement & Rehabilitation (R&R) for MRPL etc. MSEZ has already allotted land to OMPL and lease agreement for 441 acres signed. Commercial terms have also been finalized with ISPRL for land. Infrastructure development for river water conveyance, water treatment plants, corridor development, power supply etc. is in progress. Development of R& R colony is undergoing with allotment of 931 plots to Project Displaced Family (PDF) out of total 951 plots planned. Other R&R package is also under implementation. The company has started earning operating revenue from FY 2011-12 with revenue of Rs 18.99 Lakh.

  • ONGC Mangalore Petrochemicals Limited (OMPL)

    ONGC has promoted OMPL with envisaged equity participation of 46%, along with MRPL (3%) for setting up manufacturing facilities for 0.92 MMTPA Para-Xylene and 0.270 MMTPA Benzene from MRPL's aromatic streams in Mangalore SEZ as a value added project. Around 97% of project cost has been awarded which includes major contracts relating to project management, technology licensor and LSTK contract for process packages etc. The project implementation is in full swing. The total approved cost of the project is Rs 57,500 million and total expenditure is Rs 25,920 , till 30th April 2012.

  • ONGC TERI Biotech Limited (OTBL)

    OTBL is a Joint Venture company of ONGC, incorporated on 26th March, 2007, with The Energy Research Institute (TERI) with shareholding of 49% each and balance 2% equity is held by the Financial Institutions. The JV has been promoted for addressing the requirement of Bioremediation of oily sludge, Microbial Enhanced Oil Recovery, prevention of wax deposition in tubular and solution for other oil field problems. The turnover of OTBL in FY 2011-12 is Rs 129.96 million and Profit after Tax is Rs 32.78 million as against turnover of Rs 129.54 million and PAT of Rs 27.48 million in FY 2010-11.

  • Petronet MHB Limited (PMHBL)

    PMHBL is a JV company of ONGC (28.766%), HPCL (28.766%) and PIL (7.898%). Balance 34.57% of equity is held by the leading banks. It owns and operates a multi–product pipeline to transport MRPL's products to hinterland of Karnataka. Throughput in FY 2011-12 is 2.771 MMT against total throughput of 2.576 MMT last year. As per un-audited results for the year 2011-12 , the turnover and PAT of PMHBL are Rs 8,602 million and Rs 3,650 million respectively.

  • Petronet LNG Limited (PLL)

    Your company has 12.5% equity stake in PLL, identical to similar stake by other Oil PSUs co-promoters viz., IOCL, GAIL and BPCL. Dahej LNG terminal of PLL which was expanded to 10 MMTPA capacities in June 2009 is currently meeting around 20% of the total gas demand of the country. A new LNG terminal of capacity 5 MMTPA is under construction at Kochi and is expected to be completed by 2nd quarter of FY 2012. The turnover of PLL during 2011-12 is Rs 226,958.6 million (previous year Rs. 131,972.9 million) and net profit is Rs.10,575 million (previous year Rs. 6,196 million).

  • Dahej SEZ Limited (DSL)

    Your Company with envisaged equity stake of 23 % along with Gujarat Industrial Development Corporation (26%) is developing a multi-product SEZ at Dahej in coastal Gujarat. Dahej SEZ covers the total land area of 1732 Hect. wherein 1717Hect. is processing area and 15 Hect. is non-processing area. 90% of the leasable land has already been allotted to 65 units and 13 units have already started export from the SEZ. The SEZ is operational and its turnover in FY 11-12 is Rs 484.1 million and profit after tax is Rs 197.7 million against the turnover of Rs 651.1 million in FY 10-11 and profit after tax of Rs. 412 million.

  • Pawan Hans Helicopters Limited (PHHL)

    ONGC has 49% equity stake in PHHL. Balance 51% equity is held by the Government of India. PHHL is one of Asia's largest helicopter operators having a well balanced operational fleet of 40 helicopters. It provides helicopter support for ONGC's offshore operations. PHHL was successful in providing all the 12 Dauphin N and N3 helicopters fully compliant with AS-4 as per the new contract with ONGC. The accounts of PHHL for 2011-12 are under finalisation.