ONGC’s fourth-quarter profit declined by 35% to ₹6,448 crore. This was due to increased exploration expenses. Revenue saw a slight rise of 1% to ₹34,982 crore. The full-year profit also decreased by 12% to ₹35,610 crore. The company’s board approved a dividend of Rs 1.25 per share. They also extended support to Opal for debt raising.
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