CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company is the India’s most profitable state-owned company?
A
Bharat Petroleum
B
Indian Oil Corporation (IOC)
C
Super Gas
D
Hindustan Petroleum Limited (HPL)
Explanation: 

Detailed explanation-1: -ONGC is the largest state-owned company in the business of oil and gas exploration and production established by the Indian Government on August 14, 1956. Currently, it is producing about 70% of India’s crude oil which is about 57% of the country’s total demand and about 84% of its natural gas.

Detailed explanation-2: -The net profit of operating public sector enterprises jumped 50.87 per cent to Rs 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers, according to a government survey.

Detailed explanation-3: -Mukesh Ambani-led Reliance Industries has topped the list with a net profit of ₹67, 845 crore – an annual growth of 26 percent.

Detailed explanation-4: -In the list of companies with the highest revenue, Reliance Industries featured at the top spot with a revenue of ₹7, 36, 581 crore, followed by Tata Motors with a revenue of ₹2, 81, 507 crore and Tata Steel with a revenue of ₹2, 44, 744 crore.

Detailed explanation-5: -Reliance Industries is the largest revenue generator of 2022 with a revenue of ₹7, 36, 581 crore.

There is 1 question to complete.