Annual Report 2014-2015 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 2014-2015. During 2014-15, The Company registered Gross revenue of Rs. 830,935 million, down 1.32 % over 2013-14 (Rs. 842,028 million). During FY 2014-15 impacting ONGC’s Profit before Tax (PBT) by Rs. 309,596 million. The Company has earned a Profit after Tax (PAT) of Rs. 177,330 million, down 19.74% over FY 2013-14 (Rs. 220,948 million). The Company paid an interim dividend of Rs. 9.00 per share (180 percent) in two phases (Rs.5.00 and Rs.4.00).

The Board of Directors has recommended a final dividend of Rs. 0.50 per share (10 percent) making the aggregate dividend at Rs. 9.50 per share (190 percent) for FY 14-15 i.e. same as compared to the dividend for the year 2013-14. The total dividend will be Rs. 81,278 million, besides Rs. 16,256 million as the tax on dividend amounting to 55% of PAT.

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