better performance because of less outgo under feul subsidy, higher price realisation becos of appreciation of rupee. 7 new discoveries in Q3, but no disclosure of reserves. Crude o/p declined by 3% while gas o/p flat.
ONGC sells crude oil to refiners IOC, HPCL, BPCL at discount so that they can sell petrol,diesel, cooking gas at GoI determined rates.
Indraprastha Gas (IGL) engaged in natural gas business reported net profit of 58.9 crore.
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