Oil & Natural Gas Corp. Chairman A.K. Hazarika

Oil & Natural Gas Corp. Chairman A.K. Hazarika

Andrew Caballero-Reynolds/Bloomberg

A.K. Hazarika, chairman of Oil & Natural Gas Corp., told reporters the share of subsidies for exploration companies including ONGC and Oil India Ltd. was increased to 38.8 percent of the total in the last fiscal year from 33 percent previously.