Output: ONGC net slips 20% to Rs 10,216 crore in Q2 on crude price fall

Output: ONGC net slips 20% to Rs 10,216 crore in Q2 on crude price fall

NEW DELHI: Flagship explorer ONGC recorded a 20% decline in its second quarter net profit at Rs 10,216 crore compared to Rs 12,826 crore a year ago as a drop in global oil prices coincided with marginally lower production during the July-September period.Company director (finance) Pomila Jaspal said lower crude prices reduced earning from each … Read more