Higher subsidy payout to hit ONGC 2010-2011 profit

摘要

Mumbai-The Indian government's decision to raise the proportion of fuel subsidies to be borne by state-owned upstream companies will cut Oil and Natural Gas Corporation's profit for fiscal 2010-2011 by about Rupees 20 billion ($445 million), ONGC Chairman A.K. Hazarika said May 20.