ONGC defeated Punjab 85-67 to enter the finals.
The winners were far ahead with 38-19 at half time. Though Punjab rallied to score 48 points in the second half as against 47 by ONGC, that was not not enough to find a berth in the finals, as they could not erase the huge deficit of the first half.
Amrit Pal potted 25 points for the winners, while Gurkripal Singh scored 14 points for Punjab.
In another semi-final match, Indian Army defeated Indian Overseas bank, 67-56.
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In the women's category, Southern Railway will meet Western Railway in the finals of the 13th CRI Trophy All India Basket ball Tournament for Women.
Southern Railway entered the finals by defeating Eastern Railway 73-62.
Points were neck to neck till half time, with Southern Railway leading 37-35.
However, the winners moved fast in the second half scoring 36 points against Eastern Railway's 27.
Western Railway entered the finals by defeating South Central Railway 66-54, with a massive lead of 46-14 at the half time.