ONGC overtakes Indian Oil to become most profitable PSU

Oil and gas producer ONGC has overtaken Indian Oil Corporation (IOC) to regain the tag of India's most profitable Public Sector Undertaking (PSU). ONGC reported a 34% jump in its 2018-19 fiscal net profit to ₹26‎,716 crore compared to IOC's ₹17,274 crore net profit during the same period. In the previous two financial years, ONGC lost the tag to IOC.