HIGH PRESSURE PERFORMANCE

ONGC, INDIA'S LARGEST crude oil and natural gas company contributing around 70 per cent to India's domestic production, is ranked fourth in the BW Real 500 companies list for the fiscal year 2021-22.

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Alka Mittal, Chairperson & MD (Addl.charge), ONGC

The year under review turned out to be the best for ONGC, with the company clocking its highest revenue and net profit. Last year, the company was placed third in the same rankings.

Record Numbers

ONGC's record profitability in FY22 was mainly on account of the best-ever price that the company realised on the crude oil it produced. On a standalone basis, it saw a 258 per cent jump in profits to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year. On a consolidated basis, after including the earnings of its subsidiaries like HPCL, MRPL and ONGC Videsh, the net profit soared to Rs 49,294.06 crore in 202122 as compared to Rs 21,360.25 crore in 2020-21. For FY22, ONGC clocked the second-highest net profit both on a standalone and consolidated basis.