ONGC energises govt kitty with ₹7,224 crore dividend

NEW DELHI: Oil and Natural Gas Corporation (ONGC) has paid a dividend of ₹7,224 crore to the Centre for the fiscal 2023-24, leading the pack of oil and gas companies, which form the biggest block of dividend payers to the Central government.ONGC’s dividend contribution to the state was almost double the ₹3,636 crore dividend by Indian Oil Corporation (IOC), nearly three times Bharat Petroleum Corporation’s ₹2,413 crore, close to four times GAIL’s ₹1,863 crore and about ten times Oil…
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Source: https://m.economictimes.com/industry/energy/oil-gas/ongc-energises-govt-kitty-with-7224-crore-dividend/amp_articleshow/108924655.cms