The Oil and Natural Gas Corporation Limited

Major economies still finance fossil fuels in poorer countries

In a recent development that raises concerns about global climate change, the world’s largest economies are investing billions of dollars in fossil fuels in developing nations. Despite international commitments to combat climate change and promote renewable energy, these countries continue to finance the exploration, extraction, and consumption of fossil fuels. This trend is particularly prevalent […]

ONGC reports staggering 142.4% surge in Q2 net profit, decline in revenue

The Oil and Natural Gas Corporation Limited (ONGC), a state-run petroleum giant, announced a remarkable 142.4 per cent increase in consolidated net profit, reaching Rs 16,553 crore in the second quarter of the financial year 2023-24. This significant surge compares to a profit of Rs 6,830 crore in the corresponding period last year. However, the […]