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  #1  
June 16th, 2016, 04:13 PM
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ONGC Under recovery

Hi buddy I heard ONGC had to share the highest ever under-recovery of INR 494.2 million towards the under-recoveries of Oil Marketing Companies, is this statement true ??
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  #2  
June 16th, 2016, 05:41 PM
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Join Date: Mar 2012
Re: ONGC Under recovery

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India.

Yes ONGC had to share the highest ever under-recovery of INR 494.2 million (an increase of INR 49.6 million over the previous financial year) towards the under-recoveries of Oil Marketing Companies (IOC, BPCL and HPCL), beside it Of the Rs 8000 crore under recovery on kerosene and cooking gas for the September quarter, the government's share of the subsidy bill is around Rs 7300 crore. ONGC's share is seen at approximately Rs 600 crore, and OIL India's contribution is seen below Rs 100 crore.

Company profile
:

Type Public Sector Undertaking

Traded as NSE: ONGC

BSE: 500312

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Oil and Gas

Founded 14 August 1956

Headquarters Tel Bhavan, Dehradun, Uttarakhand, India

Key people

Dinesh Kumar Sarraf

(Chairman & MD)

Products Petroleum, natural gas, and other petrochemicals

Revenue 165131 crore (US$25 billion) (2015)[1]

Operating income

53566 crore (US$8.0 billion) (2015)[1]

Profit 18647 crore (US$2.8 billion) (2015)[1]

Total assets 234798 crore (US$35 billion) (2015)[1]

Owner Government of India

Number of employees

32,923 (Mar-2013)[2]

Divisions MRPL

ONGC Videsh Ltd.


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