Oil and Natural Gas Corporation (ONGC) has become the second-largest profit-making company in the country in a year. Reliance Industries ranks first. The state-owned oil company has made a profit of Rs 40,306 crore in 2021-22. This is 2.58 times more than the 11,246 crores in 2020-21. The company sold crude oil last year at an average price of $ 42.78 per barrel. This year the price was $ 76.62 per barrel.
ONGC said this is the best price ever. Oil prices jumped sharply at the end of 2021, reaching a 14-year high. This resulted in maximum profit for the company. However, in 2008, when crude oil was $147 a barrel, the company had to subsidize petroleum products retailing companies. Due to this, kerosene, diesel, petrol, and LPG were sold at cheap prices. Due to this the company's earnings were less. However, now he is getting paid according to the global prices of crude oil.
Tata Steel now behind
Reliance Industries made a profit of 67,845 crores in 2021-22. After that Tata Steel made Rs 33,011 crore. However, if the other Tata Steel companies are included, then the profit becomes 41,749 crores. On this basis, it is the third highest profit-making company. Now ONGC has overtaken Tata Steel. TCS is at the 4th position with a profit of 38,449 crores and SBI is at the 5th position with 31,676 crores.
Rahul Gandhi said - BJP does not believe in Mother Sita, told why BJP shouts 'Jai Shri Ram'
Congress leader Rahul Gandhi has attacked BJP and RSS. Criticizing the BJP, Rahul said that they raise slogans of 'Jai Shri Ram' because they do not worship Sita. Rahul's statement came after Prime
Jammu Kashmir Bomb Blast: Two bombs exploded in Udhampur in eight hours, and two injured - security increased
There is an atmosphere of panic in Udhampur at this time. Two bomb blasts that took place within the last eight hours have created a sensation in the town. So far, two people have been reported
Varanasi: Judge who ordered survey in Gyanvapi campus transferred to Bareilly, received threatening letter a few days ago
The Allahabad High Court on Monday transferred a total of 619 judicial officers posted in different districts of the state. Many judicial officers of Varanasi are also included in this list. Civil
From Delhi to Rajasthan, the situation is bad due to severe heat, and alerts are issued for many states; When will the drops of relief fall?
The heat wave is at its peak across the country at this time. From Delhi NCR to many states of North India, people are finding it difficult to live due to the scorching heat. Fire is raining from the
Israel: PM Benjamin Netanyahu's tone changed after America's protest! Said- Israel does not want to occupy GazaA
Israeli Prime Minister Benjamin Netanyahu has said that his country does not want to occupy, administer or conquer Gaza. However, he said that a credible force would be needed in Gaza, which could
Democracy strengthened in Kashmir in the last 3 years, local leaders told the European MPs the ground situation
The strong steps taken by the Modi government in Jammu and Kashmir have started showing their effect. From stone pelting to terrorism, there has been a decrease in the last few years. Kashmiri
Report: Apart from XBB, other forms of corona including Omicron disappeared, information found in the weekly review of INSACOG
Big changes are again visible in the coronavirus. Except for XBB, the rest of the forms of Corona are now disappearing. These include other subspecies of Omicron, which have increased infections in
Mohammed Siraj: There is only one heart, how many times will you win, Mian... After the historic spell, Siraj showed generosity, and looted the gathering like this
On Sunday evening, only one name echoed in the R Premadasa Cricket Stadium in Colombo and that name was Mohammed Siraj. Siraj wreaked havoc on Sri Lanka's batting order in the final of Asia Cup 2023.
The murder of social media influencer: Body found in a car in the parking lot of a private hospital in Bathinda, truth revealed after a foul smell
The body of social media influencer Kamal Kaur alias Kanchan Kumari was recovered from a car parked in the parking lot of a private hospital located on the Chandigarh National Highway in Bathinda on
Weather Update Today: Warning of heavy rain in these states including UP, Bihar, Uttarakhand, know- latest weather updates
It is raining these days in most of the states across the country. Rivers are in spate due to heavy rains in many states and flood-like situations in some areas. The Meteorological Department has
