ResultsBusinessLine
ONGC Q2 profit rises 57% to ₹15,489 crore
GreyOak summary
ONGC reported a 57.3% rise in Q2 standalone net profit to ₹15,489 crore, driven by higher crude oil realisations. The company awarded ₹11,800 crore in offshore projects to boost future output, though crude and natural gas production volumes declined due to operational challenges. The board approved an interim dividend of ₹8 per share.
What it affects
- Oil & Natural Gas CorporationONGCPositive +19
Profit rose 57% to ₹15,489 crore.Rolling sentiment Positive +34
Source
Read the original at BusinessLineMore Oil & Natural Gas Corporation news
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