Hindustan Petroleum March-quarter profit beats estimates

The company's board approved a bonus issue of 1:2, implying that an investor will receive one share for every two held. ONGC's total income for the quarter in consideration, however, increased an impressive 29.24 per cent at Rs 26,233.56 crore on account of better revenue from operations, as compared to Rs 20,297.33 crore earned in the corresponding quarter of 2015-16.

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