ONGC reports highest net profit of ₹40,306 cr; turns India’s 2nd most profitable firm
New Delhi: On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of Rs 40,305 crore in the fiscal year ended March 31, becoming India’s second most profitable company behind Reliance Industries Ltd.
In a statement, ONGC said net profit for the fiscal FY22 (April 2021 to March 2022) soared 258 per cent to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year.
