Wednesday, May 25, 2011

ONGC sees FY11 profit of 190 to 200 bln rupees - head

State-run Oil and Natural Gas Corp expects profit of between 190 billion and 200 billion rupees ($4.45 billion) for the fiscal year that ended in March, its chairman said on Friday.

Profitability would mainly be driven by higher realizations on gas sales, A.K. Hazarika told reporters.

ONGC is due to report quarterly and full year results on May 30.