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Tuesday, 02 December, 2008, 02:20 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

Winnign wicket: for India's ONGC
 

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