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ONGC's consolidated net profit spiked nearly 78% to Rs 11,527 crore in the fourth quarter of 2023-24 from Rs 6,478 crore in the previous corresponding period on the back of increased crude production and elevated global prices, which also jacked up the annual profit by 68% to Rs 57,101 crore against Rs 34,046 crore in 2022-23.

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