Annual Report 2016-2017 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 2016-2017. During the financial year, The Company’s gross revenue in FY’17 was Rs. 779,078 million, compared to Rs. 777,418 million in FY’16. The combined group turnover for FY’17 was Rs. 1,421,490 million (Rs. 1,356,642 million in FY’16). The Company recorded a Net Profit of Rs. 179, 000 million during the year under review. Net Profit of ONGC Group increased by 59% to Rs. 204,979 million (Rs. 128,752 million in FY’16). The company paid the first interim dividend of Rs. 4.50 per share of Rs. 5/- each (90%) which was pre-bonus. The second interim dividend of Rs. 2.25 per share (45%) was post- bonus.

The Board of Directors has recommended a final dividend of Rs. 0.80 per share (16%) post bonus. This makes the aggregate dividend at Rs. 9.075 per share (181.5%) before considering bonus as compared to 170% paid in 2015-16. The total dividend for 2016-17 will be Rs. 77,641 million, besides Rs. 15,789 million as the tax on dividend amounting to 52.20% of PAT (inclusive of dividend tax).

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