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RIL overtakes ONGC to become India's most profitable firm

2015-05-31 21:14:09| Automakers - Topix.net

Reliance Industries has overtaken state-owned Oil and Natural Gas Corp to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal. ONGC, which posted a consolidated net profit of Rs 18,334 crore in 2014-15, slipped to number three, behind RIL and Tata Consultancy Services Ltd, India's largest IT firm, according to earning data of listed firms available on the BSE.

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