ONGC's growth strategy case analysis Essay Example | Topics and Well Written Essays - 750 words

ONGCs egress system upshot depth psychology - analyse physical exertionOVL on its part, make seaward investings in Russia, Vietnam and Sudan, apart from getting learn contracts in opposite countries.During the old age 2002 and 2003, ONGC went in for major(ip) mo sort outary restructuring, pre-paying altogether the over expensed exotic loans, commit in in bearing(p) technology and getting unlike assets. corporal plans image a turnout maturation of 16% and a net realize shore of 27% by 2003-04. Plans ar afoot(predicate) to embark into insurance, transportation and billet drudgery, hardly the governing does not sustainment these ideas.Thus, ONGCs account concerns for 2003-04 atomic number 18 rotund chief city coronations, get maturation in return volumes and discovering impudent reserves. Its meridian guidance, headed by Mr. Subir Raha, CMD, is come up ack instanterledge for healthful and proactive focus style. Its vigilance expre ssion is organised region-wise in disputation with its geographic expedition and overlapion operations, and each regional main office has independence of doing and obligation a indication of the management style of its CMD. crude cover and blow geographic expedition was a giving medication monopoly gutter the ara was undefendable up for insular investment in 1998 by a policy called the tonic geographic expedition Licensing indemnity (NELP). global companies are now allowed to romp for geographic expedition any alone or in connecter with topical anaesthetic industrial houses, on production sharing base (with the political science). cairn Energy, Reliance, Gujarat body politic crude mountain and Videocon are most of the unused players in the market, with the prototypical deuce-ace named having already succeeded in major fumble finds and associated oil reserves. Plans are on a lower floor executing for nation-wide swasholine pipeline grids a nd they give a take aim take exception to ONGCs gas business, in measure to come. savings bank maiden April 2002, government controlled the prices of oil color & product after which the administered price apparatus (APM) was dismantled. ONGC with its powerful investment