The production of oil and gas is an important part of India’s economy. Currently, the demand for natural gases and fuels is high and this is leading to a rise in prices of fuel like petrol and consumer gas. Apart from serving as a major part of the economy these companies also employ the people who in turn contribute to our economy. Though the world is moving towards an electric future, the need for natural fuels will always be there. In India, most of the oil and gas companies are Public Sector Undertaking (PSU). 

List of Oil and Gas companies in India

Let’s see some of the major Oil and Gas manufacturing companies in India.

1. Indian Oil Corporation Limited (IOCL)- Popularly known as IndianOil, it is the largest oil company under the government. IOCL has also become the most profitable government corporation. This company is not only limited to petrol but also carries out operations in different divisions like Refineries, Explosive and Cryogenic, Petrochemical Division, Pipelines, R&D, Exploration and Production. If you want to join IOCL and be a business partner or run their franchise you can visit spandan.indianoil.co.in login page.
2. Jio-bp- Formerly known as Reliance Petroleum is owned by Mukesh Ambani and Reliance Industries Limited. This company have been for over a decade. Its headquarters are in Ahmadabad, Gujrat. 
3. Bharat Petroleum Corporation Limited (BPCL)– It is the second-largest Oil company owned by the government. It has three refineries which are situated in Kochi, Bina and Mumbai. 
4. Hindustan Petroleum Corporation (HPCL)– HPCL is a subsidy of ONGC, it is one of the leading companies in the Oil and Gas manufacturing industry. It has its headquarters in Mumbai, India. It was ranked 367th on the Fortune Global 500 as of 2016.
5. Oil India Limited (OIL)- It is the second-largest hydrocarbon exploration and production division. It has its headquarters in Noida, India. It carries out its major operations in northeastern India and Rajasthan and is also expanding to countries like Nigeria, Bangladesh, Russia and more.
6. Tata Petrodyne Limited (TPL)- It was an Indian oil and gas exploration company that was a part of the TATA group of companies founded in 1993. In 2019, it was acquired by Invenire Energy.
7. Oil and Natural Gas Corporation Limited (ONGC)- it is the largest government-owned oil and gas company which produces 70% of crude oil and 84% of natural gas in India.
8. Chennai Petroleum Corporation Limited (CPCL)- Formerly known as Madras Refineries Limited, CPCL is a subsidiary of IOCL. It is involved in the production of petrol, aviation fuel, LPG and petrochemicals.
9. GAIL- It is the largest state-owned natural gas processing company in India. It carries out major operations like processing raw gas, trading, and transportation.
10. Essar Oil Limited- It was established in 1996 and operates internationally. Though it is not a PSU, it plays a vital role in India’s oil and gas territory.

Conclusion

Both private and government-owned oil companies play a crucial role in India’s economy and growth. However, the search for better alternatives like biofuels will become a must for the future.

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