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| 1. |
Which company has overtaken ONGC to become India's most profitable state-owned company? |
| Answer» Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. It was more than the Rs 17,900 crore net profit ONGC posted in the 2016-17 fiscal, making IOC the most profitable PSU. IOC posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017. | |