CLIENT WATCH

Oil & Natural Gas Corporation Limited (ONGC)

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PROFILE

  • SECTOR:

  • Oil & Gas

RSG COMMENT

  • ONGC has recently made a number of significant well discoveries, including the exploratory Well Vadtal and the development well North Kadi. In 2011 it produced more gas and oil than ever before, with a total of 9.448 MMTOE, resulting in an increase in revenue of 21% and increase in profits after tax of 29% on 2010.