ONGC projects oil and gas production of 39 MMTOE this fiscal, rising to 40 MMTOE next year amid favorable market conditions.

State-owned Oil and Natural Gas Corporation (ONGC) reported a more than two-fold jump in its profit for the April-June quarter on Tuesday. The spike was fueled by higher crude oil…

India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in…