"In Q3 and Q4, subsidy burden on ONGC and Oil India should come down. On an average for the year the subsidy that has been put on them should not be more than USD 30-35 per barrel giving them a net realisation of about USD 55-60 per barrel," Nitin Tiwari, VP-Institutional Research, Religare Capital Markets said.
first published: Dec 1, 2014 01:00 pm
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