Company: Oil And Natural Gas Corporation Ltd.
Income 2005-2006 = Rs 40000 Cr (rounded off)
Net profit after tax (05-06) = Rs 12000 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
ONGC is playing an important role in strengthening the fabric of society. This flagship Company in India’s corporate world has a finely tuned sense of moral responsibility towards the community of people where it operates and the country at large.Local population is the one which is benefited most as a result of the ONGC operations in the region. It generates employment & business opportunities, which in turn improves the overall economy of the region and the living standards of the community. ONGC operations provide the necessary boost required for the industrial growth of the region. The requirement of the physical inputs for ONGC’s operations results in setting of ancillary industries and vendors network, generating a lot of economic potential.Oil and gas production ushers an era of growth, many core sector industries like power, fertiliser and transport, thrive as a natural consequence of the oil and gas availability. Apart from this, grants-in-aid help in building schools and hospitals. Villages are adopted and several health and community welfare programs are organised in the area around our activities.
Socio-Economic Development Programs
Apart from benefits accruing to the region from the primary function of the corrporation i.e. exploration and production of hydrocarbons by way of direct and indirect employment and fiscal contributions to the exchequer of both State and Central Governments.ONGC has been extending full support in the overall development of the areas around its operations all over the country. Since 1996-97, the execution of these programmes has been further streamlined. Work-centre-wise allocations are made each year and programmes are being executed under the comprehensive guidelines issued on the subject. Major emphasis has been given for promotion of education, health and community development and in times of natural calamities such as floods, cyclones, earthquakes, landslides, etc. The impact of our concerted efforts is being felt by the community and good-will is being generated. Our programs about health care, eye camps, helping the educational institutions are being widely appreciated.
Socio-Economic Priority Areas
A proactive approach towards socio-economic development is adopted i.e. projects are identified by ONGC at the plant level by involving the district administration, local representatives and recognized voluntary organisations. Priority is given to areas around the projects with the following themes: Education Promotion of literacy and higher education Grant of scholarship & assistance to deserving young pupils of weaker sections of society Facilities for constructing schools, renovation of school buildings, other infrastructureHealthcare & Family Welfare Medical camps Mobile dispensaries Supplimenting the efforts of already existing health centers in the rural areas Health care for women , children and disabledCommunity Development Providing civic amenities: sanitation, clean drinking water facilities to panchatyas, Gram Sabhas etc. Development of agriculture and other cottage industries Environment protection Animal husbandry Woman & child development Support to vocational training institutions for upgrading the skills of the local people Development of the socially and economically weaker sections of the society Promotion of art and culture Calamity relief Development of infrastructure facilities-improvement of roads, bridges, street lighting, drainage systems, etc. Sponsoring/ co-sponsoring professional meets, conventions, seminars etc.
Global impact :
On environmental front, ONGC has taken initiatives like collaborating with a leading research institute for development of microbes for enhanced oil recovery and with another society, mass plantation of Mangroves for protection & preservation of coastal line across Mumbai and Western sea fronts of the country.
To meet the social obligation, ONGC, through its vibrant Corporate Citizenship Policy, extends a helping hand to a big lot of the population through its work centres in many fields which requires attention. It’s a modest way of giving back to the community, living close the mother earth from where ONGC is ‘exploiting’ the crude oil and Gas.
In the organizational interest, it is always beneficial if the averting of fraud, corruption and other malpractices are built into the business processes. ONGC has used technology for leveraging transparency and equity. E initiatives like e-procurement, reverse auction, e-payments, e-auction etc brings in transparency and credibility and help reduce scope for corruption and hence ONGC has decided and implemented this technology. Similarly, extensive use of websites in ONGC has made communication with the stake holders easier and helped curbing corruption. Document Examination system in ONGC is another scientific way of detecting forgery and has scientifically helped in bringing fraud cases to a logical conclusion.
ONGC has invested about US$ 8 million on Human Rights, Labour Standard, Environment and Anti Corruption by way of practical actions in the form of sponsorships, financial aid & support and involvement of employees.
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ONGC has invested about US$ 8 million on Human Rights, Labour Standard, Environment and Anti Corruption by way of practical actions in the form of sponsorships, financial aid & support and involvement of employees.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Oil And Natural Gas Corporation Ltd
Tel Bhavan
Dehradun -248003
Web address : http://www.ongcindia.com