ONGC, Indias top crude oil and natural gas producer, earned USD 76.49 for every barrel of crude oil it produced and sold from nomination fields against a net realisation of USD 108.55 per barrel last year.
Net profit in April-June at Rs 4,335 crore was 772.2% higher than Rs 497 crore in Q1 of previous fiscal when demand, as well as price, had plummeted due to coronavirus-related lockdown, the company said in a statement