Investor Presentation

July 2021

1

Disclaimer

2

• This presentation does not provide individually tailored advice but is an effort to express views that may be considered debatable,and may not conform to different views on the topic and does not contain any information of strategic nature emerging from theONGC group of Companies.

• The Company has prepared this presentation based on information available to it, including information derived from public sourcesthat have not been independently verified. While reasonable efforts have been made to provide reliable information through thispresentation, no representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness,completeness or reliability of the information, opinions or conclusions expressed herein. Neither the Company nor anyone elseaccepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwisearising in connection therewith.

• This presentation had been prepared without regard to any pressure group, institution/ lobby on international affairs or relations andis not meant to aim at any individual, institution, group, country, government or political representatives, its ideology, thinking orprophesy.

• This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account theinvestment objectives, financial situation or needs of any investor. The information contained herein does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. All investors should conduct their owninvestigation and analysis of the Company and consider such factors in consultation with a professional advisor of their choosingwhen deciding if an investment is appropriate.

• This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations.While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negativemanner.

> 58 MMTOE

UpstreamRefinery /

PetchemVAP RenewablesLNGPower

37 MMTPA / 4.2 MMTPA

> 3,100 KTA 726 MW 22.5 MMTPA 325 + MW

ONGC GroupIntegrated energy company

3

Evolution of ONGC Across Energy Value Chain: Integrated Energy Company

RefineryGas

1955-

59

1958-

631965

1974-

761984 2003 2004 2006 2018

First Oil in Cambay, other

Oil & Gas discoveries in

Gujarat

Hydrocarbon India

Limited (HIL) was

established

HIL rechristened as

ONGC Videsh on 15 June

1989

Has grown to be Second

Largest Petroleum

Company of India

1955 : Oil & Natural Gas

Directorate set up with

scientists' pool from GSI

1956 : Directorate was

raised to the status of

Commission

In October 1959, the

Commission was

converted into a statutory

body by an act of

Parliament

Discovered Mumbai High

and Bassein Gas field

Gas Authority of India

Limited (GAIL) formed out

of ONGC

Acquired majority stake in

MRPL and turned it

around

Major Oil Refiner in India

with 15 MMTPA capacity

Acquisition of 51.11%

stake in HPCL; Indirect

stake in HMEL - joint

venture between HPCL &

Mittal Energy Investments

Maharatna CPSE and a

Forbes 2000 company

2nd largest Oil marketing

company, Largest Lube

Marketer; 2nd Largest

Marketer in LPG Sales

Diversification into Petrochemicals

ONGC and MRPL jointly promoted OMPL

ONGC, GAIL and GSPC promoted OPaL

Promoted with 12.5%

equity stake

Started with 5MMTPA

plant at Dahej in 2004

Currently operates a 17.5

MMTPA LNG

regasification terminal at

Dahej and 5 MMTPA

regassification terminal at

Kochi, Kerala

Petro-

chemicalsGas MarketingExploration & Production

4

Acquired equity stake of 29% in PMHBL

Turned it around

Consolidated holding in 2019 with ~50% stake

362.36 km Petroleum products pipeline

ONGC Group: Snapshot

A Maharatna CPSE Vertically Integrated – Refining & Marketing

Production

~ 2 btoe since inception

~ 76% of domestic O+OEG

Holds

~ 60% of domestic reserves

~ 36 MMTPA of refining

Capacity from HPCL & MRPL

- Petchem capacity of 4.2 MMTPA

from OPaL & OMPL

– Extensive Network of

18,652 Retail Outlets

Redefining Value Chain through Petrochemicals Beyond E&P

OPaL

– One of the Largest Dual

Feed Cracker in the World

OMPL

– World-class Aromatic

Petchem Complex

OTPC

– 726.6 MW Gas based

Power Plant

Petronet LNG

– India’s largest LNG importer

Renewables : 325+ MW

– ONGC: 184 MW; HPCL: 134 MW; MRPL: 6MW; OMPL: 2.5MW

5

(* 71.63%, ** HPCL: 16.96%)

Overseas E&P

(100%)

Refinery

Subsidiaries Joint Ventures Associates

LNG

Logistics

(12.5%)

(49%)

Power

(49.36%)

Services

(50%)

Pipeline

(* 49.996%, ** HPCL: 49.996%)

SEZ

(50%)(26%)

Petrochemicals(49.98%)

( MRPL: 100%)

HPCL: Hindustan Petroleum Corporation Ltd.

MRPL: Mangalore Refinery & Petrochemicals Ltd.

OPaL: ONGC Petro-additions Ltd.

OMPL: ONGC Managlore Petrochemicals Ltd.

OTPC: ONGC Tripura Power Company Ltd.

OTBL: ONGC TERI Biotech Ltd.

(54.90%)

MSEZ: Mangalore SEZ Ltd.

DSL: Dahej SEZ Ltd.

PLL: Petronet LNG Ltd.

PHL: Pawan Hans Ltd.

* Directly; ** Indirectly through

Pipeline

(20%)6

ONGC Group: Holding Structure of Portfolio Companies

Rohini Heliport Pvt. Ltd.

(49%)

2020-21: A year of upheaval and challenges

7

50.2755.19

68.19

58.61

42.78

0

10

20

30

40

50

60

70

80

FY'17 FY'18 FY'19 FY'20 FY'21

Realized Crude Price ($/bbl)

2.78 2.69

3.213.46

2.09

0

0.5

1

1.5

2

2.5

3

3.5

4

FY'17 FY'18 FY'19 FY'20 FY'21

Realized Gas Price ($/MMBTU)

FY21 - a challenging year for oil & gas industry in general and

upstream E&P in particular

Oil and Gas Demand plummeted in Q1 and Q2 of FY21.

Expected to return to pre-pandemic levels in 2022

Crude oil prices crashed with Brent below $ 20/bbl and WTI

going into deep negative territory

Economies are recovering but Peak oil demand also

approaching

Energy transition has accelerated and competition from

substitute energy sources heated up

COP21 and environment sustainability are key areas of focus

going forward

Innovative solutions to combat, continue & grow…

8

Ensuring continuity and sustainability of operations for uninterrupted

availability of oil and gas to the nation

Safeguarding ‘People, Material and Resources’ through early

implementation of COVID appropriate protocols

Every employee served as an Energy Soldier and committed

beyond their mandate to ensure that organization and nation wins

Quantum leap in use of Digital Technologies for enhancing efficiency

and productivity through up-gradation of ERP, setting up Digital

Centre of Excellence, etc.

Innovative solutions like ‘Operation Nishtha’ conceptualized and

executed for crew change (~4,500) in Offshore & Onshore locations

Accelerated exploration and monetization of discoveries to upgrade

Basins and bring additional Basins under production

Significant thrusts and investments made by ONGC Group in new

energy sources like hydrogen, geothermal, solar, bio-fuels, etc.

ONGC Group: Resilient Performance in FY’21

2P Reserves Oil & Gas Production

Refinery Throughput Financials

9

1229.56

MMTOE

• Estimated 2P O+OEG Reserves

on PRMS basis (excluding 2C

Reserves of ~553 MMTOE)

• ONGC : 720.57 MMTOE

JV Share : 18.52 MMTOE

OVL : 490.47 MMTOE

27.92

MMT

• HPCL & MRPL refinery

throughputs stood at

16.42 MMT and 11.50 MMT

respectively

58.39

MMTOE

• Oil & gas production of

Group, including PSC-JVs

and from overseas Assets

• ONGC contributed 76.7% to

India’s Oil & Gas Production

(including JV’s share)

₹3,60,572

CRORE

• Revenue from Operations of

₹ 3,60,572 crore

• Profit after Tax of

₹ 21,343 crore

ONGC: Significant Petchem Presence

10

0

100

200

300

400

500

600

700

800

900

FY'18 FY'19 FY'20 FY'21

Paraxylene

0

50

100

150

200

250

300

350

FY'18 FY'19 FY'20 FY'21

Benzene

0

50

100

150

200

250

300

350

400

450

500

FY'18 FY'19 FY'20 FY'21

HDPE

0

100

200

300

400

500

600

FY'18 FY'19 FY'20 FY'21

LLDPE

0

100

200

300

400

500

600

700

800

FY'18 FY'19 FY'20 FY'21

PP

In ‘0

00

To

ns

2nd Rank 2nd Rank 3rd Rank 2nd Rank 3rd Rank

Ranking in India

Integrated Energy Company: Strong International Credit Ratings

11

Transformation of ONGC from an upstream oil & gas company into an integrated

energy company:

Diversification across value chain reducing earnings volatility and increasing

financial strength

Reflected in credit ratings

ONGC and OVL’s existing USD bonds now benefit from ratings by all three major

rating agencies:

Fitch rating also initiated for existing USD Notes of ONGC/OVL/OVVL

SACP by S&P as well as Fitch: bbb+

Accorded rating and outlook constrained by sovereign credit rating (Baa3/BBB-)

Negative outlook assigned by Moody’s and Fitch reflects that of the sovereign

Robust consolidated performance amid the pandemic

Parameter FY ’20

(₹ Cr)

FY’21

(₹ Cr)

Total Income

(Revenue + Other Income)

4,34,038 3,69,895

EBITDA 61,182 58,789

PAT 11,456 21,343

Total Debt 1,16,302 1,19,061

Total Equity (includes minority interest) 2,23,510 2,42,597

Total Capitalisation 3,39,813 3,61,658

Debt / Total capitalisation 34.2% 32.9%

Debt/EBITDA 1.9X 2.0X

12

ONGC - Standalone

13

Oil and Natural Gas Corp Ltd (ONGC)An integrated energy company operating along the hydrocarbon value chain

14

- 8th producing Basin of India (Bengal Basin) dedicated to the nation

- 10 new discoveries; 12 discoveries monetized, including 2 made during year

- Bagged 7 blocks in OALP V bidding rounds out of 11 blocks on offer

- 480 wells (100 Exploratory & 380 Development) drilled despite logistic challenges due to pandemic

- Drilling Non Productive Time (NPT) reduced to 11.9 % from 13.2 %

- Standalone O+OEG production of 45.35 Mmtoe

- Onshore oil production increased by 3.4% during last 5 years

- Value Added Products (VAP) production of 3.12 MMT

- 3 major projects costing around ₹ 3,720 Crore completed.

- Redevelopment of Nandasan Field (Onshore): Investment approval ₹ 445 Cr

- India’s maiden Geothermal Field Development Project in Ladakh taken up

- Acquired 5% equity in Indian Gas Exchange Ltd (IGX)

- MOU signed with NTPC to set up Joint Venture for Renewable Energy Business

- ONGC Board approved creation of wholly owned subsidiary for Gas & LNG business

Exploration

Drilling

Production

Projects

Beyond E&P

FY’21

Highlights

ONGC: Physical Performance

2P Reserves (MMTOE)ONGC migrated its reporting of reserves to PRMS w.e.f. 01.04.2019

Drilling (Number of wells)

Standalone Oil and Gas Production (incl. JV) Value Added Products Production

48.80 48.84 50.04 48.25

0

1000

2000

3000

4000

FY'17 FY'18 FY'19 FY'20 FY'21Naptha SKO HSD LPG C2-C3 Others*

3,235 3,3863,641 3,548

516503501 500

100 119 105 106 100

401 384 411 394 380

0

100

200

300

400

500

600

FY'17 FY'18 FY'19 FY'20 FY'21

Exploratory Development

15

480

45.353,120

25.53 24.23 24.23 23.35 22.53

23.27 24.61 25.81 24.90 22.82

0

10

20

30

40

50

60

FY'17 FY'18 FY'19 FY'20 FY'21

Oil (MMT) Gas (BCM)

464.62 459.22344.80 344.96 326.20

630.83 677.51

402.87 406.76 394.37

0.00

400.00

800.00

1200.00

FY'17 FY'18 FY'19 FY'20 FY'21

Oil Gas

As on 01.04.2021, Total 2P Reserves : 720.57 ; 2P CR : 447.93

1136.73

747.67 751.72 720.57

1095.45

ONGC : Standalone Financial Performance

Gross Revenue (₹ Crore) PAT (₹ Crore)

77,908

85,004

109,655

96,214

68,141

FY'17 FY'18 FY'19 FY'20 FY'21

16

17,900

19,945

26,765

13,464

11,246

FY'17 FY'18 FY'19 FY'20 FY'21

Net profit impacted due to low oil & gas prices and impairment considering future outlook on prices

ONGC: Growth Pursuits

Intensify exploration, monetize discoveries & maximize recovery from existing fields

17

Major Projects

KG-DWN-98/2 Cluster –II Development

Development of R-Series Fields including Revival of R-12 (Ratna)

Cluster-8 Marginal Fields (WO 24-3, D-30 and B-192) development

Development of Madanam NELP-IV Block CY-ONN-2002/2

Mumbai High South Redevelopment Phase-IV

Mumbai High North Redevelopment Phase-IV

Heera Re-development Phase-III

Redevelopment of Nandasan Field

Redevelopment of Santhal Field

Aggressive Investment in

Upstream

• E&P expenditure of about ₹ 1,50,000

Crore in last 5 years

16 Major Projects (> ₹ 100 Crore)

under execution

• 10 Development & 6 Infrastructure

Projects: Investment of ~ ₹ 61,000 Cr

• Envisaged lifecycle Gain of 112

MMTOE

ONGC: Short Term Action Plan

Oil Production Projections Gas Production Projections

18#Upside includes Concept-1, Concept-2, Indicative & YTF * Additional resources & CAPEX will be expended based on the feasibility of early exploitation $ JV figure as provided by operator/ DGH

0

5

10

15

20

25

30

FY'22 FY'23 FY'24 FY'25

JV$ Production (ONGC Share)Quoted Incremental profiles in 6 CA under 64 MNFThrough Additional PS Conversion*, Contingent Resources to Reserves conversion* & New DiscoveriesWith Additional InputsOil- Upside# Oil- FirmOil- Base

22.81

20.41

25.26 27.06 27.35

in M

MT

0

5

10

15

20

25

30

35

40

FY'22 FY'23 FY'24 FY'25

JV$ Production (ONGC Share)

Quoted Incremental profiles in 6 CA under 64 MNF

Through Additional PS Conversion*, Contingent Resources to Reserves conversion* & New Discoveries

With Additional Inputs

Gas-Upside#

Gas- Firm

Gas-Base

24.79

27.36

23.90

34.35

32.16

26.37

33.46

35.76

in B

CM

22.3324.01 23.35

Subsidiaries & Joint Ventures

19

ONGC Videsh

Presence across 35 projects in 15 countries*

20

Exploration: 14 Development: 4 Producing: 14 Pipeline: 3

Libya 1

South Sudan 2

Mozambique 1

Venezuela 1 1

Colombia 6 1

Brazil 1 1

Syria 1 1

Iraq 1

Iran 1

UAE 1

Middle East

Latin America

Africa

Vietnam 1 1

Myanmar 2 2 2

Bangladesh 2

South East Asia

Azerba

ijan

1 1

Russia 3

CIS & Russia

*As on 01.04.21

ONGC Videsh: Performance

2P Reserves (MMTOE) Oil and Gas Production

Turnover (₹ Crore) PAT (₹ Crore)

21

14.8314.16 14.9813.04

* PRMS adopted from FY’21; 2P-490, 2C 105

10,418

14,632 15,498

11,956

FY'18 FY'19 FY'20 FY'21

981

1,682

454

1,891

FY'18 FY'19 FY'20 FY'21

9.35 10.10 9.75 8.51

4.81 4.73 5.234.53

FY'18 FY'19 FY'20 FY'21

Oil (MMT) Gas (BCM)

332.61 340.36238.99 190.46

378.75 335.36

347.915300.01

FY'18 FY'19 FY'20 FY'21

Oil (MMT) Gas (BCM)

711 676587

490*

ONGC Videsh: FY’21 Highlights

22

Continued with Drill-bit success in exploratory project CPO-5 in Colombia; producing @13,000 bopd in FY 21; planning for further exploratory and appraisal drilling

31 BD opportunities evaluated / under evaluation distributed evenly across the three broad geographies of Americas, AFME and CIS-AP

Overall borrowing of ONGC Videsh Group reduced by USD 272 million through internal accruals: USD 75 Million by Company and Prepayment of USD 196.71 million

Hindustan Petroleum Corporation Ltd. (HPCL)A Maharatna Schedule “A” CPSE

23

• 18,634 retail outlets, # 1 Lube Marketer & # 2 LPG marketer of India

• Share Buy-back program successfully completed; 10.52 Crore

Equity Shares bought back utilizing ₹ 2954 Crore

• Acquired balance 50% stake of M/s SP Ports Pvt. Ltd. in JV

Company HPCL Shapoorji Energy Pvt Ltd ( HSEPL). Construction

work for Chhara LNG regasification terminal in full swing

• Commissioned 2,158 new retail outlets, highest ever in a year, 112

new LPG distributorships, CNG dispensing facilities at 203 retail

outlets, EV Charging facilities: 84 and Mobile Dispensers: 387

• 44 patents for new products/ technologies developed

• 51st LPG bottling plant at Rayagada in Odisha with 60 TMTPA

capacity commissioned. augmented capacity by ~ 270 TMTPA at

other plants

Ambitious plans for expansion and diversificationin tandem with increasing energy demand, technological upgradation and environment management

HPCL: Performance

Throughput (MMT) GRM ($/BBL)

Gross Sales (₹ Crore) PAT (₹ Crore)

24

18.44 17.18 16.42

FY'19 FY'20 FY'21

6,029

2,637

10,664

FY'19 FY'20 FY'21

295,713 286,250269,243

FY'19 FY'20 FY'21

38.7 MMT 39.6 MMT 36.6 MMT

5.01

1.02

3.86

FY'19 FY'20 FY'21

HPCL: Growth Pursuits

Chartering growth for stakeholders

25

Major projects in progress:

• Visakh Refinery Modernization Project (VRMP)

• Mumbai Refinery Expansion Project (MREP)

• Wind Power Project under Phase – II

• VVSPL Capacity Expansion and OSTT-SS Jetty Sub-sea Pipeline Project

• MDPL Capacity Expansion & Palanpur Vadodara Pipeline Extension Project

• Greenfield Refinery cum Petrochemical Complex at Pachpadra, Barmer District,

Rajasthan (9 MMTPA capacity) through a joint venture company, HPCL Rajasthan

Refinery Limited (HRRL)

• 5 LPG Bottling Plants

• CGD Network and LNG Regasification Terminal

Mangalore Refinery & Petrochemicals Ltd. (MRPL)A Category 1 Miniratna CPSE

26

• Acquired shares in OMPL held by ONGC, thereby making OMPL, a wholly owned subsidiary of MRPL

• Board has approved the merger of MRPL and OMPL

• 11 new Retail Outlets commissioned. With this, MRPL has 18 operating outlets

• Implementation of the project to set up marketing terminal in Devangounti (near Bengaluru) is underway

MRPL: Performance

Throughput (MMT) GRM ($/BBL)

Gross Sales (₹ Crore) PAT (₹ Crore)

27

16.4314.14

11.50

FY'19 FY'20 FY'21

72,31560,752

51,019

FY'19 FY'20 FY'21

332

-2,740

-240

FY'19 FY'20 FY'21

4.06

-0.23

3.71

FY'19 FY'20 FY'21

MRPL: Growth Pursuits

Multiple New initiatives to improve

revenue from marketing margins

• Domestic sales of petroleum

products increased by entering into

new agreements with OMCs

• To capture retail margins, MRPL is

focused on setting up and

expediting own retail outlets

Major projects

1. BS VI quality specifications for MS and HSD: Includes new

units - FGTU (FCC Gasoline Treatment Unit) and SRU (Sulphur

Recovery Unit) and its associated offsite and utilities

2. Desalination Plant of 30 MLD: To reduce dependence on river

water

3. Railway Siding: Dispatch of Petcoke by Railway Wagons

4. CCR-1 Revamp

6. Natural Gas conversion in Gas Turbine-1

28

ONGC Mangalore Petrochemicals Ltd. (OMPL) Aromatic Petrochemical Complex producing Paraxylene & Benzene

29

• Now a wholly owned subsidiary of MRPL

• Overall capacity utilisation for FY’21 was 63%.

• New intermediate product of 152 KT Reformate added to

revenue

• Commenced sale of Benzene in the domestic market since

Oct 2020 through gantry loading facility

• Commissioned energy savings scheme of 850kW through

conversion of motor driven Boiler Feed Water (BFW) Pump

to Turbine driven BFW Pump

• Commissioned Natural Gas facility in Feb 2021 replacing

HSD in both gas Turbines and all liquid fuels in the Complex

ONGC Petro Additions Ltd. (OPaL)A Joint venture with GAIL & GSPC

30

One of the Largest Dual Feed Crackers in the world

1.1 MMTPA Feedstock integration project of ONGC (Utilizing C2, C3 and C4 gas feed and Naphtha produced by ONGC)

• Overall capacity utilisation during FY’21 was 89.5%.

• Introduced PP Fibre & Filament grade "OPaLene RH38"

for mask/PPE kits application during the beginning of

the pandemic

• Commissioned Hydrogen generation unit

• Sold 1.82 Million tons of Polymers and Chemicals

• Revenue from Operation: ₹ 11,486 Crore

Q4-FY’21 PAT : ₹ 274.1 Crore ; Strong performance continues in FY’22

Only dividend paying standalone gas based power generation company in India

ONGC Tripura Power Company Ltd. (OTPC) A Joint venture with Govt. of Tripura

31

726.6 MW (363.3x2) Combined Cycle Gas Turbine (CCGT) Thermal Power Plant

• 5,090 Million Units of power generated

• Plant Availability Factor at 81%

• Revenue from Operation: ₹ 1,646 Crore; PAT: ₹ 221 crore

• Major Job of GTG rotor replacement carried out on Unit-

2 through planned shutdown from 16th Mar-22nd Apr 2021

• Major inspection of Unit -1 in progress

Petronet MHB Limited (PMHBL)

32

FY’21 performance:

Throughput 2.139 MMTPA

Revenue: ₹ 111 Crore

PAT: ₹ 52 Crore

Mangalore – Hassan – Bengaluru JV pipeline (362.3 Km) transporting products from MRPL to OMCs hinterland of Karnataka in cost effective and environment friendly manner.

Indradhanush Gas Grid Limited (IGGL)A Joint venture with IOCL, GAIL, OIL & NRL :-Shareholding: ONGC-20%; IOCL-20%; GAIL-20%; OIL-20%; NRL-20%

33

Indradhanush Gas Grid Limited (IGGL) was incorporated on

10th August 2018

IGGL is implementing prestigious Northeast Gas Grid

(NEGG), an approx. 1,656 Km long natural gas pipeline grid

spanning across all North-Eastern states, at an estimated cost

of INR 9,265 crores

CCEA, chaired by Hon’ble Prime Minister, has approved VGF/

Capital Grant of INR 5,559 Crore for NEGG project

The gas grid is planned to connect from upcoming Barauni-

Guwahati natural gas pipeline as part of Urja-Ganga scheme

3-phase implementation with expected completion by 2024:

Phase-1: 647 kms (in 5 sections)

Phase-2: 621 kms (in 7 sections)

Phase-3: 304 kmd (in 2 sections)

Physical progress of project is ~18%

Long Term Growth Strategy

34

ONGC Portfolio - 2040As laid out in ONGC Energy Strategy 2040

ONGC

Vision

2040

Upstream:

Domestic

Upstream:

International

Downstream &

PetrochemicalsRenewables New Frontiers

Production (mmtoe/year)

Production(mmtoe/year)

Refining Capacity (MMTPA / year)

Capacity (GW) Venture fund corpus ($M)

50

70

0

10

20

30

40

50

60

70

80

2019 2040

15

40

0

5

10

15

20

25

30

35

40

45

2019 2040

35

100

0

20

40

60

80

100

120

2019 2040

0.2

10

0

2

4

6

8

10

12

2019 2040

16

1000

0

200

400

600

800

1000

1200

2019 2040

Upstream Production 2x; refining capacity 3x; renewable 10 GW and $1B corpus for new

frontier opportunities

35

ONGC: ESG JourneySustainable Development – The overarching working template in ONGC

36

Pillars of Sustainability in ONGC

• Dedicated Carbon

Management & Sustainability

Group at Corporate level with

designated Sustainable

Development Officers at work

centres to drive sustainability

across the organization

• GRI based, Independently

assured Sustainability Report

being published since FY’10

ONGC: ESG PracticesCommitment towards Climate, Society and Ethical work practices

37

• Regular Greenhouse Gas (GHG) inventory

accounting and disclosures on scope-1

and scope-2 emissions; Implemented large

number of GHG mitigation projects across

the value chain for GHG abatement

• Implemented 15 Clean Development

Mechanism (CDM) Projects including

OTPC: 2.2 million Certified Emission

Reductions with OTPC having emission

reduction potential of 16 lakh ton CO2e per

annum. 3 new projects under validation.

• Renewable energy projects, Installation of

energy efficient lighting, Paperless office

and elimination of single use plastics

• Fresh water conservation: Water

Footprinting, Rainwater Harvesting,

Sewage Treatment Plants & Desalination

ENVIRONMENT

Committed for conserving Climate

• 1st signatory in India to the Integrity Pact

• IT enabled with SAP integration in most

functions, including e-procurement,

intranet, paperless office etc; thus,

minimizing human intervention

• The Board not only institutionalizes, and

reviews polices, but also focuses on

overall organizational practices, awareness

creation and monitoring.

• Strong and effective Whistle Blower

mechanism, Dedicated Vigilance

Department headed by CVO, who holds

rank of Functional Director and reports to

CVC, Government of India

GOVERNANCE

Committed to Integrity and ethical practices

• One of the first companies to issue

separate CSR Guidelines in 2009 which

prepared base for DPE Guidelines in 2010

& Companies Act 2013

• CSR activities aligned with needs of

community in respective geographies:

Initiatives implemented in project mode.

• CSR programs mainly in areas of

Healthcare, Education, Environment,

Women Empowerment and Heritage

preservation

• Every CSR project is Benchmarked to UN

Sustainable Development Goals (SDGs).

• CSR spend of ~ ₹ 500 Crore per year

SOCIAL

Committed to Social welfare & inclusion

Global Methane Initiative (GMI):

• Global Methane Initiative (GMI) is an action-oriented initiative from United States Environmental Protection Agency (US-

EPA). ONGC was first non-American Oil & Gas company to enter into MoU. Under this program, fugitive methane

emissions are identified through Hi-tech IR Camera and corrective actions taken to repair leakages/emissions. Till date

could prevent approximately 20.48 MMSCM of methane gas leakages into atmosphere with environmental benefit of

approximately 3,06,250 ton CO2 Equivalent (TCO2e)

Introduction of Dynamic Gas Blending technology in large Diesel Engines:

• The results shows that it replaced HSD consumption up to 50%, fuel cost up to 70% and reduced SO2, NO2 and PM

emissions by 49%, 28% and 78% respectively, apart from Carbon Emissions

Introduction of Micro Turbine technology for power generation at remote locations of ONGC:

• Micro-turbines are small gas turbines of capacity from 25 KW to 500 KW, used for stationary power generation. These

use low pressure gas, for power generation, which would otherwise be flared

Carbon Capture, Utilisation and Storage (CCUS) for CO2 Sequestration:

• ONGC signed an MoU with IOCL for a proposed CCSU project. Under this MOU, it is proposed to capture CO2 from the

IOCL’s Koyali refinery and inject into specially prepared well(s) in depleted oil fields of ONGC in Gandhar, Ankleshwar

Asset for Enhanced Oil Recovery from depleted fields. The project has the potential for oil gain of 10% and the estimated

cumulative sequestrated quantity is 5 to 6 million ton of CO2 by the year 2040

ESG: Other Ongoing Initiatives

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0.234

0.230

0.228

2018-19 2019-20 2020-21

ESG : Status & Work PlanReducing Carbon Footprints and planning for Greener Future

39

Emis

sio

n In

ten

sity

(TC

O2

e/T

on

of

O+O

EG)

~ 12% Cut in Emission Intensity since 2015-16

• Verification of Scope-1 & Scope-2 emissions

through Independent Assurer

• Accounting of Scope-3 emissions and strategies

for Net Zero emission

• Launching of Integrated Report of ONGC in place

of Annual Report from FY’22 onwards

• Business Responsibility & Sustainability Report

(BR&SR) from FY’22 as per revised guidelines

• Engaging leading ESG Rating agency

• Formulation of Human Rights Policy in line with UN

Principles of Human Rights

• Greening of Vendor Chain

• GRI based ESG report introduced from FY’20

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ONGC: Catalysing SDG Initiatives in India

Global Compact Network India (GCNI), under the

aegis of UNGC and leadership of ONGC, has

emerged as the largest corporate sustainability

initiative in the country with a pan-India

membership of over 500 leading business and

non-business entities

CMD-ONGC as President of GCNI is catalysing a

huge movement across the country for taking the

UN Agenda on SDGs forward, by way of

businesses embracing the Ten Principles into

their strategies, policies, procedures and

establishing a culture of integrity

GCNI engaging with sister United Nations (UN)

agencies, and locally at country-level within the

government, the corporates, NGOs, civil societies

& the academia - providing guidance to put their

sustainability commitments into action, manage

ESG reporting and thus creating long-term value

ONGC Group: Transitioning to Clean Energy…

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Setting up of wholly owned subsidiary for Gas Business approved by ONGC Board

ONGC acquired 5% equity in Indian Gas Exchange Ltd (IGX)

HPCL expands CGD business to 20 GAs in 34 districts across 9 states

HPCL has 84 EV Charging Stations. Plans to setup pan-India network of public EV charging points at retail outlets

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A Responsible Corporate

Response to COVID-19Proactive all-inclusive response to protect People-Material-Resources and ensure continuity of oil and gas production for nation

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Multi-layered, complex and evolving challenges on a daily basis –a situation that is unprecedented for our times

ONGC RESPONSE

COVID-19: Contribution towards Society

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ONGC donated ₹ 300 crore to PM CARES Fund & voluntary employee contribution ~ ₹ 30 crore

CSR initiatives worth ₹ 30 Crore in FY 2020-21 and ₹ 50 Crore in FY 2021-22 for the benefit of 45

lakh people in the operational areas

Funding for Covid care Centres, creation of ICU beds, ventilators, Distribution of Food / Ration

kits / Masks / PPE kits / Sanitizers

Procurement of one lakh oxygen concentrators on behalf of Government of India out of PM

Cares Fund of ₹ 500 Cr

Procurement of 10,000 oxygen concentrators worth ₹ 65 Cr out of CSR funds of Oil PSEs.

ONGC’s contribution for 2,000 oxygen concentrators worth ₹ 13 Cr.

Medical grade oxygen generation plants in 11 government hospitals in 4 states of India at a cost

of ₹ 15.69 Cr

Provisioning of 6,000 oxygen cylinders worth ₹ 10.86 Cr

Vaccination camps at various work locations across the country for employees and secondary

workforce; Supported COVID vaccine logistics supply chain equipment in Tripura, Nagaland, Gujarat

and Uttarakhand

Setting up COVID Centers and support for conversion of oxygenated beds to ICU beds

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CSR Expenditure ~ ₹ 500 Crore every year

ONGC promotes healthcare, preventive healthcare, education & skill development,

women empowerment& reducing inequality , environment sustainability initiatives

Corporate Social ResponsibilityA leader in CSR Spending

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526 503

615 607553

0

175

350

525

700

FY'17 FY'18 FY'19 FY'20 FY'21

CSR Spend (₹ Crore)

Includes ₹ 14 crores carried forward in FY’21

Rankings & AwardsNational and International Recognitions

#11 in Platts Top 250 Global Energy Company

Rankings 2020

# 190 globally and # 3 in India in Fortune Global 500 List 2020

# 665 globally and # 13 in India in Forbes Global 2000 list 2021

PCRA- Best Overall Performance for Upstream Sector -2020

FIPI Oil & Gas – Best Project Management Company of the Year 2020

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#377 in Forbes Worlds, Best Employers List 2020

Certified as a Great Place to Work for the second

time in 2021

Thank You

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