State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices.
India’s top oil and gas producer reported a ₹3,098-crore loss in the January-March quarter compared with a profit of ₹4,240 crore in the same period a year back.
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Unknown titlet-ever quarterly loss PTI NEW DELHI, June 30, 2020 23:22 IST Updated: June 30, 2020 23:24 IST PTI NEW DELHI, June 30, 2020 23:22 IST Updated: June 30, 2020 23:24 IST Share Article 0 PRINT A A A <span>State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices. India’s top oil and gas producer reported a ₹3,098-crore loss in the January-March quarter compared with a profit of ₹4,240 crore in the same period a year back. Chairman and managing director Shashi Shanker said ONGC booked an impairment loss of ₹4,899 crore in the fourth quarter of 2019-20, reflecting valuation of the firm’s assets after a fal Summary
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