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ONGC Profit Rises 71%, Beating Estimates, on Higher Oil Prices

By : sustainabilityo..., May 29, 2010

Oil & Natural Gas Corp., India’s biggest energy explorer, posted a 71 percent increase in fourth- quarter profit, beating estimates, as crude oil prices rose.

Net income climbed to 37.8 billion rupees ($815 million) in the three months ended March 31 from 22.1...

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India’s ONGC May Borrow $10 Billion to Buy Assets

By : sustainabilityo..., Mar 8, 2010

March 8 (Bloomberg) -- Oil & Natural Gas Corp., India’s biggest energy explorer, may borrow $10 billion over the next decade as it competes with rivals from China and South Korea to buy oil assets overseas to meet domestic fuel demand.

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