OIL AND NATURAL GAS CORPORATION LIMITED
Article Abstract:
Oil and Natural Gas Corporation Limited, New Delhi, has announced its audited financial results for 1997-98. ONGC's earnings per share was Rs18.80. (gs) -------------------------------------------------------- Oil and Natural Gas Corporation Limited: Audited Financial Results (Rs in lakh -------------------------------------------------------- Particulars 1997-98 1996-97 -------------------------------------------------------- Net Sales 1,522,883.95 1,324,798.16 -------------------------------------------------------- Other Income 724,86.00 61,070.62 -------------------------------------------------------- Total Expenditure 811,184.44 729,732.05 -------------------------------------------------------- Interest 71,783.40 86,677.65 -------------------------------------------------------- Gross Profit after 712,402.11 569,459.08 interest before depreciation -------------------------------------------------------- Depreciation 383,746.65 316,207.90 -------------------------------------------------------- Prior Period adjustment 2,520.90 29.89 (Net Income) -------------------------------------------------------- Net Profit 267,777.57 203,365.07 -------------------------------------------------------- Proposed dividend (in %) 25 20 -------------------------------------------------------- Paid-up Equity share capital 142,592.48 142,592.34 -------------------------------------------------------- Reserves excluding Revaluation Reserves 2,089,684.21 1,860,893.88 --------------------------------------------------------
Comment:
Posts increase in net profit to Rs267,777.57 lakh in 1997-98 vs net profit of Rs203,365.07 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GAIL PLANS 2 POWER PLANTS ALONG HBJ GAS PIPELINE
Article Abstract:
The Gas Authority of India Ltd (GAIL) plans to set up 2 power plants based on natural gas along the 1,200-km HBJ gas pipeline. The capacity of the 2 plants will be 500 mw each. The Gas Authority of India Ltd intends to hold 26 percent stake in each of these 2 joint venture plants. The cost of each of the plant is estimated at Rs2,500 crore. The 2 power plants will be established in Rajasthan and Madhya Pradesh. (gs/kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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