India: ONGC Profit Climbs

India’s Oil & Natural Gas Corporation Ltd (ONGC) has released its results for the quarter ended June 30.

The Company has posted a net profit of Rs. 60777.00 million for the quarter ended June 30, as compared to Rs. 40949.00 million for the quarter ended June 30, 2011.

Total Income has increased from Rs. 171288.90 million for the quarter ended June 30, 2011 to Rs. 212162.40 million for the quarter ended June 30, 2012.

1 Indian rupee = 0.018064 U.S. dollars

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LNG World News Staff, August 13, 2012; Image: ONGC