Market cap of ONGC has grown by leaps and bounds over the past three financial years, from Rs.1.19 trillion on March 31, 2004, to Rs.1.86 trillion on March 31, 2006, of which Rs.608 billion was added in FY 2005-06 itself. Its mega public offer (also India’s biggest ever equity offer) of a whopping Rs.100 billion was over subscribed by 588% in the year 2004. Not only that, according to various analyst reports, ONGC has been recognised as a company that has created the maximum wealth during the past seven years. Of course, the company is also ranked 402 in the Fortune Global 500 companies list for the year 2005.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
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