{"id":360462,"date":"2020-07-01T11:22:03","date_gmt":"2020-07-01T05:52:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360462"},"modified":"2020-07-01T11:22:03","modified_gmt":"2020-07-01T05:52:03","slug":"ongc-reports-first-ever-quarterly-loss-on-impairment-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-reports-first-ever-quarterly-loss-on-impairment-loss\/","title":{"rendered":"ONGC reports first-ever quarterly loss on impairment loss"},"content":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices.<\/p>\n<p>India&#8217;s top oil and gas producer reported a \u20b93,098 crore loss in the January-March quarter as compared to a profit of \u20b94,240 crore in the same period a year back.<\/p>\n<p>Company Chairman and Managing Director Shashi Shanker said ONGC booked an impairment loss of \u20b94,899 crore in the fourth quarter of 2019-20, reflecting valuation of the firm&#8217;s assets after fall in crude oil prices.<\/p>\n<p>But if not for the impairment, the company would have booked a profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices. India&#8217;s top oil and gas producer reported a \u20b93,098 crore loss in the January-March quarter as compared to a profit of \u20b94,240 crore in the same period a year back. Company Chairman and Managing Director Shashi Shanker said ONGC booked an impairment loss of \u20b94,899 crore in the fourth quarter of 2019-20, reflecting valuation of the firm&#8217;s assets after fall in crude oil prices. But if not for the impairment, the company would [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-360462","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360462"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360462\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}