Annual Report 2009-2010 of Oil and Natural Gas Corporation Limited

It is a broadly described annual report of Oil and Natural Gas Corporation Limited in the year of 2009-2010. During the financial year, The Company registered Gross revenue of Rs. 619,832 million (Rs. 566,357 million in 2008-09), up 9.44%. The company has earned a Profit after Tax of Rs. 167,676 million (Rs. 161,263 million in 2008-09), up 3.98 %, which is incidentally the highest-ever. The company paid an intern dividend Rs. 18/- per share (180%), in December 2009.

The Board of Directors has recommended a final dividend Rs. 15 per share (150%) making the aggregate dividend at Rs. 33 per share (330%), same as previous year’s Rs. 32 per share (320%) paid in 2008-09. The total dividend will absorb Rs. 70,583 million, besides Rs 11,616 million as the tax on dividend.

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