Oil & Pure Fuel Corp. posted a 22% rise in web revenue within the second quarter of this monetary 12 months. It has posted a consolidated revenue of Rs 9,848 crore.
That is compared to revenue of Rs 8,024.23 crore within the previous quarter, in accordance with its inventory trade notification on Monday.
ONGC’s income elevated by 3.2% sequentially for the second quarter, reaching Rs 33,031 crore. The corporate had posted a income of Rs 32,002.89 crore within the earlier quarter.
Following its second-quarter outcomes, ONGC introduced a considerable funding of Rs 422 crore in its subsidiary, ONGC Inexperienced Ltd., executed by way of a rights challenge.
Moreover, the corporate is about to put money into two separate joint ventures or JV with Mitsui OSK, establishing a 50:50 shareholding for each partnerships.
Relating to shareholder returns or the dividend, ONGC has mounted Nov. 14 because the file date for the fee of its first interim dividend, which quantities to Rs 6 per fairness share.
