From correspondents in Maharashtra, India, 04:30 PM IST

State-owned oil and gas company Oil and Natural Gas Commission (ONGC) has seen its net profit for the quarter ended March 31 dipping to Rs.26.27 billion, from Rs.26.81 billion posted in the quarter ended March 31, 2007.

However, it has posted a higher net profit of Rs.198.722 billion in 2007-08, compared to the Rs.177.696 billion it registered the previous year.

ONGC's total income has increased from Rs.870.056 billion 2006-07 to Rs.1013.364 billion in the year ended March 2008.

(Staff Writer, © IANS)