#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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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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