ONGC and its subsidiaries OVL and MRPL receive “Excellent” Rating for the Year 2012-13

Oil and Natural Gas Corporation Ltd. - The country’s premier E&P company received “Excellent” Rating for the year 2012-13 for Compliance of Guidelines on Corporate Governance, issued by Department of Public Enterprises (DPE) for Central Public Sector Enterprises (CPSEs). ONGC has secured 100% Score in this regard and is the only Maharatna to achieve this feat.

Further, its two subsidiaries viz. ONGC Videsh Ltd (OVL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have also been awarded with “Excellent” Rating for the year 2012-13.