ONGC Mittal Energy Limited OMEL

Hi buddy I want to know about ONGC Mittal Energy Limited OMEL joint venture, so would you plz tell me about the same here ??

[pawan]

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India.

ONGC Mittal Energy Limted (OMEL is the joint venture between ONGC Videsh Limited and Mittal Investments Sarl in the ratio of 49.98% : 48.02% with SBI Capital holding the remaining 2%. This joint venture aims to source equity oil and gas from abroad for securing India's energy independence.

Company profile:

Type Public Sector Undertaking

Traded as NSE: ONGC

BSE: 500312

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Oil and Gas

Founded 14 August 1956

Headquarters Tel Bhavan,Krishna Nagar, Dehradun, Uttarakhand, India

Key people D K Sarraf

(Chairman & MD)

Products Petroleum, natural gas, and other petrochemicals

Revenue 77,400.35 crore (US$12 billion) (2016)

Profit 17,900.00 crore (US$2.8 billion) (2016)

Total equity 309,000.76 crore (US$48 billion)

Owner Government of India

Number of employees 34000 (2017)

Divisions MRPL

ONGC Videsh Ltd.