Question
Download Solution PDFWhich of the following companies has become India's most profitable public sector company in the fiscal year 2018-19?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is option 2) i.e. Oil and Natural Gas Corporation.
- ONGC, India's top oil and gas producer toppled Indian Oil Corporation (IOC) and regained the crown of being the country's most profitable public sector unit (PSU).
- ONGC reported a 34 % jump in its 2018-19 fiscal net profit to Rs 26,716 crore.
- In the previous two financial years, IOC was the country's most profitable PSU.
- IOC had also lost the title of being India's largest company by turnover tag to billionaire Mukesh Ambani-led Reliance Industries in FY19.
Last updated on Jul 18, 2025
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