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ओ. एन. जी. सी. के आदरणीय अग्रणीजन,
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उपस्थित अधिकारी और जवान
देवियो और सज्जनों,
वन्दे मातरम !

हमारी प्रिय मातृभूमि भारत के 75वें स्वतंत्रता दिवस के सुअवसर पर आप सभी को हार्दिक शुभकामनाएँ|भारत देश के इस महत्वपूर्ण अवसर पर आप सभी को संबोधित करना मेरे लिए गर्व की बात है।

यह 15 अगस्त स्वतंत्र भारत की यात्रा में एक महत्वपूर्ण मील का पत्थर है। आज, हम भारत की स्वतंत्रता के 75वें वर्ष के लिए साल भर चलने वाले समारोह की शुरुआत कर रहे हैं, जो 15 अगस्त 2022 तक जारी रहेगा।

हमारे माननीय प्रधान मंत्री जी ने इस साल की शुरुआत में 12 मार्च को, राष्ट्रपिता महात्मा गांधी  जी के ऐतिहासिक दांडी मार्च के 91 वर्ष पूरे होने  के दिन 'आजादी का अमृत महोत्सव' को आरम्भ किया।

Friends, to commemorate this momentous landmark of our independence, the oil sector public enterprises have taken up, among various other activities, 75 projects to revive the struggling traditional rural handicrafts of the country. ONGC will take up 15 out of the 75 projects. These projects will not only uphold our rural cultural heritage but will also improve the livelihoods of our artisans. In the first phase, we have already launched 3 such projects; the traditional craft of wool dyeing by Bhotia tribes of Uttarakhand, the age-old decorative bamboo crafts of Madhya Pradesh and the handloom project for weavers of Upper Assam.

Also, as a part of this year-long celebrations, Hon’ble Prime Minister will dedicate to the nation, two of our major projects, namely; KG-98/2 Development Project and the Multi-Speciality Siu-Ka-Pha Hospital in Sibasagar, Assam.

During this ‘अमृत महोत्सव, let us ONGCians re-dedicate ourselves for producing more energy for the country as well as touching more lives meaningfully across the country.

Friends, this year is another milestone for ONGC as we celebrate the completion of Blue Sapphire Anniversary i.e. 65 years of our glorious existence and excellence. Yesterday we celebrated the ONGC Day. We are extremely delighted that three of our respected former CMDs- Shri B. C. Bora, Shri R. S. Sharma and Shri D. K. Sarraf – also graced the occasion. They have come all the way to this “Devbhoomi” and added extra flavor to our celebration with their gracious presence. Some of our other esteemed former CMDs and MDs of OVL who could not come personally, but joined us yesterday through virtual platform.

A Medical Helpline Line Number for all former ONGCians and a Medical card – ONGCAReS- for former as well as current ONGCians have been launched yesterday in their esteemed presence.

ONGC ने देवभूमि उत्तराखंड से अपनी यात्रा शुरू करते हुए न केवल देश के विकास में अत्यधिक योगदान दिया है, बल्कि अब कम्पनी बड़े पैमाने पर समाज में अपने उत्कृष्ट योगदान के लिए भी जानी जाती है। ओएनजीसी के ऊर्जा सैनिकों ने दशकों से हमेशा देश की सेवा करने में अनुकरणीय साहस और प्रतिबद्धता का प्रदर्शन किया है। और, हाल ही में कोविड महामारी के दौरान गंभीर चुनौतियों का सामना करते हुए, सारे संचालन जारी रखने में उनकी resilience, उनका प्रदर्शन और समर्पण का भाव प्रशंसा के सभी शब्दों से परे है।

COVID-19 का विनाशकारी प्रभाव अभी खत्म नहीं हुआ है। हमें अभी भी सतर्क रहने की जरूरत है। हमें अभी भी इस महत्वपूर्ण वैश्विक चुनौती के खिलाफ सामूहिक रूप से खड़े होने की जरूरत है।

Dear ONGCians, despite the severe constraints imposed by COVID pandemic, your hard work and sincerity have resulted in many achievements. It is my pleasure to mention some of them here:  

  • ONGC made 10 new discoveries in FY’21. 12 discoveries were monetized, including 2 made during the year itself. With the iconic monetization of the Asokenagar-1 discovery, the Bengal Basin became the eighth sedimentary Basin of the country to have commenced commercial production.
  • ONGC Group of companies delivered a commendable performance in terms of producing 58.39 million tonne of oil and oil equivalent gas, while ONGC’s standalone production exceeded 76% of India’s domestic production.
  • In FY’21, when extreme uncertainty prevailed in oil prices, global economic activities experienced huge slowdown, and most of the global as well as domestic upstream players had cutback their investment, our CAPEX stood at Rs. 26,859 Crores- fuelling our continued growth.  
  • Standalone Total Operating Revenue of ONGC for FY’21 stood at Rs. 68,141 Crores, while Profit-After-Tax was moderate 11, 246 Crores. Situation has improved.
  • दो दिन पहले, हमने यहाँ देहरादून में अपने बोर्ड की बैठक आयोजित की । मुझे यह बताते हुए प्रसन्नता हो रही है कि हमारे Q1 '22 के परिणाम काफी उत्साहजनक हैं । पिछले वर्ष की इसी तिमाही की तुलना में, हमारे Operating Revenue में 77%, और PAT में 772% की वृद्धि हुई है ।
  • ONGC has bagged 7 out of 11 geographical areas on offer in the fifth OALP bid round - ensuring good acreage for more discoveries in the coming days.
  • Our Reserve Replacement Ratio has logged more than one- consecutively for the last 15 years- scripting our continued excellence in value creation by our exploration fraternity.
  • Similar excellence has been demonstrated by the production and services fraternity too. Because of their concerted efforts, our Offshore is still contributing lion’s share of India’s domestic production, while Onshore has turned around its performance over the last few years with some notable achievements during FY’21.
  • Assets like Ahmedabad, Cambay, Jorhat, and fields like Lakwa, Lakhmani in particular are demonstrating very good performance.  
  • We have acquired 5% equity in Indian Gas Exchange (IGX) as strategic investment which is expected to yield good dividend as the country progresses towards a gas based economy- increasing the share of natural gas in its primary energy basket from 6% to 15% by 2030.
  • Today our Hon’ble Prime Minister has set steep target for energy independence of our nation. We in ONGC will have to walk that extra mile to fulfill this national mandate
  • We are also forming a new wholly owned subsidiary company with focus on sourcing, marketing and trading of natural gas, LNG, Hydrogen enriched CNG, Gas to Power business etc.
  • In renewable energy space, ONGC has added 6 MW solar capacity in FY’21- taking the total installed solar capacity to over 30 MW. Another 20 MW capacity addition is in progress. Times have come to change the unit to Giga Watt and soon these aspirations would be realized.
  • We also have taken up India’s maiden Geothermal Field Development Project in Ladakh.
  • A Digital Centre of Excellence has been established to scout & induct latest Industry 4.0 technologies for enhancing efficiency in E&P operations.
  • We are also implementing SAP based Vendor Invoice Management System to bring in efficiency and transparency in Vendor Payment System. It has already been launched at many work centers and complete implementation will be achieved by end of this month.

Our subsidiaries and joint ventures also registered encouraging performances in FY’21 despite the inevitable odds of the pandemic:

  • Our subsidiary ONGC Videsh made a significant oil strike in its onshore block CPO-5 in Colombia. ONGC Videsh also achieved a turnover of Rs. 11,956 Crore and registered Profit-After-Tax of Rs. 1,891 Crore in the fiscal year.
  • Another subsidiary HPCL achieved refining throughput of 16.42 MMT with capacity utilization of 104%. It commissioned 2,158 new retail outlets which is highest ever in a year- taking the number of total retail outlets to 18,634. The company notched up highest ever profit- entering the hallowed club of entities with five digit PAT.
  • MRPL however achieved a throughput of 11.50 MMT for the fiscal 2020-21, against 14.14 MMT last year due to demand contraction of petroleum products triggered by travel restrictions and widespread lockdown of COVID-19. The merger process of OMPL with MRPL is progressing well, and the desired benefits of this merger will be realized soon. Now, OMPL is a 100% subsidiary of MRPL.
  • In the power segment, OTPC is meeting around 35% of all power requirements of North-eastern states of our country. It recorded a total income of Rs. 1646 Crores while netting a PAT of Rs 221 Crores.
  • In the petchem vertical, OPaL is also operating exceptionally well with around 90% capacity utilisation during FY’21 and revenue from operations at Rs. 11,486 Crores. It is heartening to note that the company has turned around its performance, despite pandemic driven slowdown in global petchem markets, and I am happy to share that OPaL has posted positive PAT in last two quarters. Management of OPaL deserves special recognition for that
  • As a whole, the ONGC Group of Companies has delivered excellent value for its stakeholders with a revenue of Rs. 3,60,572 Crores and PAT of Rs.21,343 Crores in FY’21; and we expect even better performance this fiscal.
  • We are also delighted that three of our Fire officials have been awarded Fire Service Medal on this Independence Day. Heartfelt congratulations to them.

Oil & gas companies worldwide are facing greater scrutiny from Regulators, Investors and Financial Institutions to adopt better ESG practices in order to remain relevant and responsible. Corporate ESG disclosures are becoming a critical factor in differentiating corporates’ ability to raise capital. ONGC is also cognizant of its ESG responsibilities and has been pursuing several initiatives like Clean Development Mechanism, Global Methane Initiative, greenhouse gas accounting and green buildings etc. in order to pursue our Net-Zero Agenda.

Friends, we all have seen how the COVID pandemic has caused major upheavals in our lives, and many of us might have lost people around us, especially during the deadly 2nd wave. However, we stand strong with firm resolve to do everything possible to protect the health of all ONGCians- current as well as former and their families with full support in managing this tough times.

I urge everyone to get vaccinated, and be our ambassador to spread the message to get vaccinated at the earliest. ONGC has taken several measures in preventing COVID and in minimizing its impact over the country. Let me mention some of them here:

  • We have set up emergency COVID facility at all the work centers and are organizing vaccination camps across the work centers.  
  • A “Health Care Package” for purchasing health accessories/ equipment has been extended to employees while the health insurance coverage of contractual workforce, Doctors, Paramedical staff and Contingent employees have been revised.  
  • ONGC is procuring and providing Cold Chain Logistics Equipment worth Rs.3.8 Crore for transporting COVID vaccines for several states through ONGC Foundation.
  • In order to strengthen the oxygen supply infrastructure, ONGC and other Oil PSUs are setting up Medical Oxygen Generation Plants at 100 locations across the country, out of which ONGC will set up 15 plants. A majority of plants being set up by ONGC are already functioning.
  • Your Executive Committee met several times at short notice and approved all the proposals expeditiously to not only meet ONGC needs but also for country’s demand.
  • ONGC has also been entrusted by the Govt. of India to procure one lakh oxygen concentrators to meet the whole country’s demand. We have also taken up the responsibility of their distribution and upkeep. In the process, we have encouraged a large number of domestic vendors- promoting Government to Atmanirbhar Bharat policy and thereby contributing to Make in India Campaign. I am happy to share that when Govt. of India decided to donate Oxygen Concentrators, the same was sourced through one of our vendors on which ONGC has placed orders for building domestic capacity.
  • We have also rendered services to about 45 Lakh people across 22 states through distribution of food, ration kits, masks, PPE kits, sanitizers and related supplies.

Besides COVID relief related activities, ONGC has hugely focused on various fronts like education, skill development, Swachhata, art & crafts etc. through its numerous CSR programs. When it comes to education and skill development, especially for women, ONGC has taken many initiatives.

  • We have established Shishu Vihars and Kendriya Vidyalayas at most of our work centers for imparting Kindergarten to high school level education. The Mahila Polytechnic at Dehradun is one such example through which hundreds of women, especially from the state of Uttarakhand, are being trained. Now, with an objective to revive the institute, ONGC has provided land and building on 30 years lease to facilitate its AICTE affiliation.
  • ONGC Officers’ Mahila Samiti has always played a constructive role and significantly contributed in various fronts, especially child education and health. Our compliments to the Mahila Samiti for their continued efforts and services.

Friends, while we fought the pandemic together and maintained oil and gas supply for the country, some of our colleagues also succumbed to this deadly virus. It was a great loss for all of us. We on this solemn occasion deeply mourn for them and remember their supreme sacrifice with profound humility.

In spite of such irreparable loss, collective and collaborative persistent efforts of ONGCians have taken ONGC to greater heights earning many recognitions, like:

  • ONGC is ranked 243rd in 2021 Global Fortune 500 list - fourth among the seven Indian companies ranked in this elite list.
  • ONGC is also ranked 377th in the Forbes World Best Employers list 2020.
  • We ranked 11th among global energy majors in the coveted Platt’s Top 250 Global Energy Company Rankings 2020
  • Forbes has ranked ONGC as the 13th largest among India companies in their Global 2000 list.
  • ONGC is recognised as one of India’s Best Employers among Nation-Builders, certified by the ‘Great Place to Work’.

मौजूदा चुनौतियों के बीच हमने जो भी सम्मान हासिल किया है, उसके साथ-साथ, इस साल हमें टोक्यो ओलंपिक 2020 में भारत का प्रतिनिधित्व करने वाले दल में सात ओएनजीसी के सदस्य होने का गौरव भी प्राप्‍त है।

हमारे सातों ओएनजीसी ओलम्पीयंस ने सर्वश्रेष्ठ प्रयास किया और वे सब बधाई के पात्र हैं । लेकिन मैं यहाँ पर भारत की पुरुष हॉकी टीम में ज़बरदस्त तिकड़ी- गुरजंत, मंदीप और सुमित के योगदान का विशेष उल्‍लेख करना चाहूँगा । क्‍योंकि उनके शानदार प्रदर्शन से 41 साल बाद हॉकी में भारत को ओलंपिक पदक मिला । और यह पहली बार है कि कोई ONGCian दुनिया की सबसे अग्रणी खेल प्रतिस्‍पर्धा के पोडियम पर पहुंचा है।

Taking the cue from their excellence of challenging the bests in the world, I urge ONGCians to undertake a fitness challenge program emulating our star sportspersons. Let me name it as - Follow the Champions. With this, the ONGCians, particularly those who had been working from home during the pandemic, should come out of their sedentary lifestyle and model their fitness regime emulating that of our star players. I implore our Sports Department to come out with an encouraging proposal which will be embraced by the employees across the company.

Friends, as the Chairman of your company, I also have two major concerns to share with you.

First and foremost- Operational Safety. We have to continue to accord top most priority to operational safety. While I am confident of our Energy Soldiers to put in their very best in the oil-fields, strict adherence to every single safety protocol and utmost vigilance are must in our business. Brand ONGC needs to continue to be one of the safest in terms of operational Safety.

The recent incident during cyclone Tauktae in Western Offshore has shaken all and made us realize the need to revisit our internal Safety Management System comprehensively. Several actions are being taken in this regard including revision of SOPs, revisiting our emergency response plans, creating a single-point authority, Marine Safety Cell, for strengthening our marine operations. We are also in the process of benchmarking our HSE practices by engaging a third party.

The second concern is our Declining Production. Our overall production over the last few years has been stagnant and declining slightly. We need to tighten our belts, put more efforts- improving exploratory success ratio, fast-tracking monetization of discoveries, improving recovery factor and expediting projects. In this business, we are as good as our last performance; hence, there is absolutely no room for complacency. Ever increasing energy demand warrants that we redouble our efforts to add as much domestic production capacity as possible.

Government has set domestic production targets of 40 MMT of crude oil, and 50 BCM of gas by 2023-24 wherein ONGC is tasked to contribute 65%. We commit that we can and will try to achieve these targets.

These targets are not easy to achieve by any means. We need to take the baton from whatever we have achieved so far and run even faster towards these steep targets. And given our past credentials, I am confident that we can do it.

I am hopeful that our legacy of iconic resilience will usher in a brighter tomorrow and we will have ONGC flag continue to fly high.

जय हिन्द !



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