Q:
Which company has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company ?
Answer & Explanation
Answer: A) Indian Oil Corporation
Explanation: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
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