ONGC became Indias most profitable public sector company

Oil and Natural Gas Corp (ONGC), India’s top oil and gas producer, has toppledIndian Oil Corp (IOC) to regain the crown of being the country’s most profitable public sector company. 
Oil and Natural Gas Corp (ONGC) reported a 34% jump in its 2018- 19 fiscal net profit to Rs.26,716 crore. 
Whereas, IOC registered a net profit of Rs.17.274 crore for the fiscal year ended March 31, 2019. 
ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC. With its refining margins under pressure due to falling oil prices, IOC had also lost the title of being India’s largest company by turnover tag to billionaire Mukesh Ambani-led Reliance Industries in FY19. 
Reliance has been India’s most profitable company for the fourth year in a row.
Oil and Natural Gas Corporation (ONGC):
Founded on: 14 August 1956
Headquarters: New Delhi, India
Chairman & MD: Shashi Shankar
Owner: Government Of India
ONGC is an Indian multinational oil and gas company.
It is a Public Sector Undertaking (PSU) under the administrative control of the Ministry of Petroleum and Natural Gas.
It produces around 70% of India’s crude oil and around 62% of natural gas.