Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company.
IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
This was more than the Rs 17,900 crore net profit ONGC posted in the 2016-17 fiscal, making IOC the most profitable PSU, according to earning statements of the companies. Read more
Credits:economictimes.indiatimes.com
IOC overtakes ONGC to become India’s most profitable PSU added by The Economic Times (PTI) on
View all posts by The Economic Times (PTI) →
Latest posts by The Economic Times (PTI) (see all)
- JICA To Offer Loan Assistance Of Rs 20,196 Cr For CMRL - December 23, 2018
- Indian Railways Studying Japanese Clinical Efficiency For Its Bullet Train Project - November 10, 2018
- Cabinet Apprises Of India Joining As Member Of AMFTCP Under IEA - November 9, 2018
