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.
Moharram: Historic day for Jammu and Kashmir, Muharram procession was taken out for the first time in 34 years; Why was there a ban till now?
Yesterday was a historic day in Jammu and Kashmir. After three decades of the ban, a Muharram procession was taken out amid cheers, chest-thumping, and remembrance of Hazrat Imam Hussain, the grandson
Russia-Ukraine War: Ukraine downed one Russian missile and two drones, so far 34 thousand Russian soldiers killed
The war between Russia and Ukraine has been going on for almost four months. On Tuesday, Ukraine's air force claimed it had destroyed a Russian missile, two drones, and two ammunition depots. Ukraine
Ram Mandir: Lord Ram's offerings will reach 62 crore devotees, VHP workers will leave Ayodhya on November 5
Before the inauguration of Lord Ram's temple in Ayodhya on January 22, preparations are being made to deliver his Prasad to those 62 crore Ram devotees who had supported the Ram temple in some way or
Amitabh turns 80: 104-degree fever came from the success of Chain: When Amitabh got into debt, he...
Big B is...Angry Youngman...Shahenshah...Don...Star of the Millennium. There are many such names of Amitabh Bachchan. Amitabh Bachchan, the megastar of the century, has turned 80 today. The journey of
Chief Justice of India: Justice Bhushan Gavai will become the 52nd Chief Justice of India, and will assume charge today.
Chief Justice of India (CJI) Sanjiv Khanna retired on Tuesday, May 13, and handed over his charge to senior Supreme Court judge Justice Bhushan Ramakrishna (BR) Gavai. Justice Gavai will take the oath
Kejriwal's retaliation on the arrest of Satyendra Jain: Delhi CM said - Prime Minister, please arrest all AAP leaders together
Delhi Chief Minister Arvind Kejriwal on Thursday again hit back at the central government. In a press conference, he has alleged that after Satyendra Jain, the government is also going to arrest
Russia Ukraine War: Russia claims 53 prisoners of war killed in Ukrainian shelling, tension in the region
Russia Ukraine War: Russian-backed separatists in Eastern Ukraine have claimed that at least 53 Ukrainian Prisoners were held hostage during the war on Mariupol. killed in the Ukrainian shelling. The
Claim in India Skills Report-2023: 56% of youth of 22-25 years are capable, 50.3% of people are eligible to get jobs in the country
There is good news for our country with the largest youth population in the world. According to the IndiaSkills Report - 2023, 56% of our youth in the age group of 22-25 years are employable, the
Tamannaah Bhatia breaks silence on Bollywood Vs South debate, says - we have seen it from a different point of view ourselves
Since the success of South films, it is being compared to Bollywood and there was a debate on it. Many stars from South to Bollywood jumped into this debate. Every star gave his opinion and talked
Russia-Ukraine War: Russia will increase its military capacity in Ukraine, emphasis on increasing the number of armed forces
Russian President Vladimir Putin said on Wednesday that we would further develop our military capability in Western-backed Ukraine. He said that he would increase the combat readiness of his nuclear
