ONGC Update by Epic Research

ONGC has completed drilling of six exploratory wells so far. The company has a target of 36 exploratory wells in FY14.



Meanwhile, the company’s net profit surged by 19.07% at Rs 4781.79 crore as compared to Rs 4015.98 crore for the quarter ended June 30, 2013. Its total income increased by 10.93% to Rs 22746.45 crore for the quarter under review from Rs 20505.03 crore for the corresponding quarter of the previous year.



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Posted in: Indian Market Tips