Oil & Natural Gas Reports Fourth-Quarter Profit of 27.9 Billion Rupees

Oil & Natural Gas Corp., India’s largest state-owned oil explorer, reported a fourth-quarter profit of 27.9 billion rupees, compared with 37.8 billion rupees a year earlier, the company said in a statement to the Bombay Stock Exchange today. Analysts surveyed by Bloomberg had estimated a profit of 51.3 billion rupees.

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