ONGC Q3 net profit dips 6 pc
New
Delhi,
23
Jan,
2008
:
The
Oil
and
Natural
Gas
Corporation
or
ONGC
has
reported
a
6.4
per
cent
drop
in
its
net
profit
for
the
third
quarter
ended
December
31,
2007,
as
its
subsidy
payout
to
state-run
oil
marketing
firms
nearly
trebled
during
the
period.
After subsidy, ONGC"s net realization in dollar terms was $54.52 a barrel.
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Story first published: Wednesday, January 23, 2008, 15:28 [IST]