2006 - 50 Years of ONGC - VIP Set and Proof Set

This Post gives the details of Proof Set. For UNC Set refer to the Next Post

The fourth issue in the year 2006 was to commemorate the 50 years of ONGC. A VIP Set, Proof Set and UNC Set were released.
The details are:

Oil and Natural Gas Corporation Limited is an Indian state-owned oil and gas company head quartered at Dehradun, India. It is a Fortune Global 500 company and contributes 77% of India's crude oil production and 81% of India's natural gas production. It was set up as a commission on 14 August 1956. Indian government holds 74.14% equity stake in this company.

ONGC is one of the Asia's largest and most active company involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometres of pipelines in India. In 2010, it stood at 18th position in the Platts Top 250 Global Energy Company Rankings.

One of Asia's largest oil E&P companies, ONGC became a publicly held company as of February 1994, following the Indian government's decision to privatize. 20% of shares were sold to the public. After its initial privatization, there were subsequent rounds in which government sold its stake.

The successfully formulated and implemented privatization strategy put ONGC at par with other large multinational and domestic oil companies

Executive Set:
Coins of Rs 50 and Rs 5

Special Set:

Coins of Rs 50 and Rs 5

Image Credits: Tody Auctions

Proof Set
Coins of Rs 50 and Rs 5

UNC Set:
See the Next Post

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