Saturday, 04 July, 2009, 05:10 GMT | more >>

ONGC rakes in profits



By Upstream staff 

India's Oil & Natural Gas Corporation (ONGC) saw its quarterly net profit increase 22%, beating analysts forecasts, as lower discounts to state-run refiners more than made up for the impact of a stronger rupee.

State-run ONGC, said July-September net profit rose to 50.97 billion rupees ($1.3 billion) from 41.7 billion rupees in the same period last year.

The compared with a forecast net profit of 47.9 billion rupees in a Reuters poll of analysts.


Tuesday, 30 October, 2007, 13:04 GMT  | last updated: Tuesday, 30 October, 2007, 13:04 GMT

e-mail this article to a colleague


to email:  from:
comments:




abce certificate