In its 341st Meeting held on August 13, 2021 ONGC Board approved the results for First Quarter (Q1) of FY 2021-22; highlights are as under:
- Financial Performance(Standalone)
| Particulars | Q1 2021-22 |
Q1 2020-21 |
% variation |
FY’21 |
| Gross Revenue (₹ Crore) | 23,022 | 13,011 | 76.9 | 68,141 |
| Net Profit (₹ Crore) | 4,335 | 497 | 772.2 | 11,246 |
| Crude Oil Price-Nominated | ||||
| Net Realization (US$/bbl) | 65.59 | 28.87 | 127.2 | 42.78 |
| Net Realization (₹/bbl) | 4,836 | 2,190 | 120.8 | 3,174 |
| Crude Oil Price-JV | ||||
| Realization (US$/bbl) | 66.86 | 29.60 | 125.9 | 43.87 |
| Realization (₹/bbl) | 4,930 | 2,246 | 119.5 | 3,255 |
| Gas Price | ||||
| Price on GCV basis($/mmbtu) | 1.79 | 2.39 | (25.1) | 2.09 |
- Financial Performance (Consolidated)
| Particulars | Q1 2021-22 |
Q1 2020-21 |
% variation |
FY’21 |
| Gross Revenue (₹ Crore) | 1,08,136 | 62,496 | 73.0 | 3,60,572 |
| Net Profit (₹ Crore) | 6,847 | 1,085 | 531.1 | 21,343 |
| Net Profit (₹ Crore) – attributable to owners | 5,985 | 116 | 5,059.5 | 16,249 |
- Production Performance:
| Particulars | Q1 | Q1 | % | FY’21 |
| 2021-22 | 2020-21 | variation | ||
| Crude Oil–ONGC (MMT) | 4.596 | 4.799 | (4.2) | 19.172 |
| Crude Oil–JVs (MMT) | 0.558 | 0.574 | (2.8) | 2.260 |
| Condensate (MMT) | 0.241 | 0.292 | (17.5) | 1.102 |
| Total Crude Oil (MMT) | 5.395 | 5.665 | (4.8) | 22.533 |
| Gas – ONGC (BCM) | 5.108 | 5.393 | (5.3) | 22.096 |
| Gas – JVs (BCM) | 0.201 | 0.152 | 32.2 | 0.720 |
| Total Gas (BCM) | 5.309 | 5.545 | (4.3) | 22.816 |
| Value Added Products (KT) | 786 | 721 | 9.0 | 3,120 |
- Awards/Recognitions:
- India’s Best Employers among Nation-Builders
In a major recognition of its standards, ONGC has been declared as India’s Best Employers among Nation-Builders during a virtual ceremony organized by the Great Place to Work on 18 June 2021. The Energy Maharatna also got featured in GPTW “Wall of Fame” for its commitment to securing India’s energy availability.
- AIMA Project Excellence Award in CSR
In recognition of its efforts to give back to society, ONGC has been conferred with the AIMA Project Excellence Award in Corporate Social Responsibility (CSR) for its 300-bed Swargdew Siu-Ka-Pha Multi-Specialty Hospital in Sivasagar district of Assam. The organization ranked first in CSR non-COVID category at the 8th Business Responsibility Summit and Project Excellence Contest and Award held on 5 – 6 August 2021.
- NHRDN People Excellence Award 2021
ONGC was recently conferred with National HRD Network and New Delhi Institute of Management (NHRDN – NDIM) People Excellence Award 2021 in CSR for the multi-speciality hospital in Sivasagar on 24 July,2021.
- Governance Now 8th PSU Awards
Adding more feathers to its illustrious cap, ONGC shined at the Governance Now 8th PSU Awards on 28 July,2021. It clinched six awards as a Maharatna PSU. ONGC was conferred with Awards in following categories:
o Nation Building
o Environment & Sustainability
o Investment in Start-ups
o Communication Outreach
o Digital Security Leader (CISO)
o Digital Transformation Leader (CIO)
- Golden Peacock National Training Award 2021
ONGC Academy has been conferred with the Golden Peacock National Training Award 2021 in Oil Production Sector by the Institute of Directors.
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