On 01 February 1994 the Oil and Natural Gas Corporation (ONGC) transitioned from a government-owned corporation to a public limited company, a move that significantly reshaped India's energy sector. This transformation allowed ONGC to access capital markets, attract private investments, and operate with greater financial autonomy while remaining under government control. As a public limited company, ONGC was able to expand its operations, modernize its infrastructure, and enhance corporate governance. The shift also facilitated its listing on stock exchanges, providing an opportunity for investors to participate in its growth. Despite this structural change, ONGC continued to play a vital role in India's oil and gas exploration and production, reinforcing its position as the country’s premier energy company.
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