Board Of ONGC Recommends a Dividend Of Rs 0.80 Per Share


The board of directors of Oil & Natural Gas Corporation at its meeting held on May 26, 2017, has recommended a final dividend at Rs. 0.80 per equity share of Rs. 5 each, for the financial year 2016-17.

The company on Friday posted a profit after tax of Rs 4340 crore for the quarter ended March 31, 2017, a decline of 6.16%, as against Rs 4625 crore in the same quarter of the previous fiscal.

It also reported a profit after tax of Rs 17,900 crore for the financial year ended March 31, 2017, a rise of 10.9% on YoY basis. The company had posted a profit after tax of Rs 16,140 crore for the financial year ended March 31, 2016, as per BSE filing.

Meanwhile, ONGC is down 1.9% at Rs 172.40 per share at 10:15 hours IST on BSE. It hit a high of Rs 175.85 and a low of Rs 171.50 so far during Monday’s trading session.

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