According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore. In comparison, IOC registered a net profit of Rs 17.274 crore for the fiscal year ended March 31, 2019.
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ONGC topples IOC to regain most profitable PSU tag
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