ONGC has reported results for third quarter ended December 31, 2012.
The company has reported 17.48% fall in its net profit at Rs 5562.72 crore for the quarter as compared to Rs 6741.41 crore for the same quarter in the previous year. However, total income from operation of the company has increased by 14.88% at Rs 22374.38 crore for quarter under review as compared to Rs 19475.30 crore for the quarter ended December 31, 2011.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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