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ONGC Rises By 12%

The country’s leading oil and gas producer, Oil and Natural Gas Corporation (ONGC), claimed that in its net profits recorded for the first quarter, the company traced an increase of 12%, which definitely challenged the increased subsidy burden.

They further claimed that in the month of April, the net sales also recorded a great jump of 16,268.

In the mean time, on its 221st company meeting, the officials announced that till the quarter end during the month of June, the company recorded an amount of Rs 12,046 crore, as the financial funding lumbers.