Oil major ONGC's sales came in well below estimates at Rs 15,400 crore and profits too plunged over 26% year-on-year to Rs 2,800 crore.
Speaking to CNBC-TV18, chairman AK Hazarika said the additional subsidy burden borne by the company has dented its profits. "Due to additional subsidy, which normally is one-third, the impact on the profit is about Rs 2,065 crore," he said Below is a verbatim transcript of the interview. Also watch the video. Q: It
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