The document summarizes the history and operations of Oil and Natural Gas Corporation Ltd (ONGC) in India. It discusses how ONGC was formed through the amalgamation of various oil exploration companies before and after Indian independence. It then outlines ONGC's operations and discoveries from the 1950s to 1970s, its conversion to a statutory body, and challenges it now faces from increased competition and need for technological advancement. The document also summarizes ONGC's corporate strategic goals around increasing reserves and overseas sourcing, as well as its corporate rejuvenation campaign and mergers and acquisitions with other companies to strengthen operations.

1. OIL AND NATURAL GAS CORPORATION LTD. AMBUJ SHUKLA PGDM-IB ITM BUSINESS SCHOOL ONGC

2. Before Independence 1948 1955 1956 Assam Oil co. in northeastern and Attock Oil co. northwestern. Industrial Policy Statement. Oil and Natural Gas Directorate. Industrial Policy Resolution.

3. 1959 1970’s 1991 1993-94 Commission was converted in Statutory body. Discovered Bombay high. Liberalized economic Policy. Conversion of ONGC into ONGC Ltd.

4. 1999 2002-03 ONGC, IOC and GAIL agreed to have cross holding in each others stock. Taken over MRPL from A.V.Birla Group.

15. Perceived gaps, strategic conditions, alternative dimensions Gap narrow Gap larger ETOP shows stability ETOP shows opportunity ETOP threat SAP shows strength SAP shows weakness NATURE OF GAP ALTERNATIVE STRATEGIES Stabilize Expand Retrench Pace change Business definition change Internal changes External change Related change Unrelated change horizontal Vertical integration passive Active