India Oil Corp: Current Affairs, GK & News - 2020-2021

ONGC overtakes India Oil Corp as Most Profitable PSU

Published: June 3, 2019

The Oil and Natural Gas Corporation (ONGC) overtook India Oil Corporation (IOC) by regaining crown of being India’s most profitable Public Sector Undertakings (PSU). Key Highlights In the previous two financial years (2016-17 and 2017-18) ONGC had lost the most profitable PSU tag to IOC. In fiscal year 2018-19, ONGC’s net profits increased by 34% ..

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