ONGC net leaps 23% | business | Hindustan Times
Today in New Delhi, India
Sep 20, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

ONGC net leaps 23%

Riding on higher realisations and a smaller subsidy bill, the country’s largest oil and gas producer, Oil and Natural Gas Corporation (ONGC), has reported a 23.4 per cent jump in net profit to Rs 3,053.6 crore in the October-December quarter, from Rs 2,474.81 crore last year.

business Updated: Jan 21, 2010 22:43 IST

Riding on higher realisations and a smaller subsidy bill, the country’s largest oil and gas producer, Oil and Natural Gas Corporation (ONGC), has reported a 23.4 per cent jump in net profit to Rs 3,053.6 crore in the October-December quarter, from Rs 2,474.81 crore last year. “ONGC’s subsidy bill in the quarter was Rs 3,497 crore — 29 per cent less than a year earlier,” said CMD, R.S. Sharma.