Indian Oil Corporation - India’s most profitable state-owned company

Posted on:29 May 2017 11:44:42
Indian Oil Corporation -  India’s most profitable state-owned company
29 May 2017 Current Affairs:

  • Indian Oil Corporation (IOC) has overtaken Oil and Natural Gas Corporation (ONGC) to become India’s most profitable state-owned company.

  • IOC, India’s biggest company by turnover, posted a 70 percent hike in net profit to Rs. 19,106.40 crore in the financial year ended March 31, 2017.

  • Mukesh Ambani-led Reliance Industries retained the crown of being India’s most profitable private company for the third year in a row, posting a net Rs. 29,901 crore in the financial year 2016-17.

  • Tata Consultancy Services, India’s largest software services exporter, with a net profit of Rs. 26,357 crore was the second most profitable private company in the country.


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