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HDFC Securities: Falling Realisations Drag ONGC’s Q1 Revenue Down

ONGC’s Q1 revenue fell 8% below HDFC Securities’ expectations owing to lower-than-anticipated crude oil price realisations.

A man cycles past ONGC’s Uran plant in Maharashtra. (Photographer: Dhiraj Singh/Bloomberg)
A man cycles past ONGC’s Uran plant in Maharashtra. (Photographer: Dhiraj Singh/Bloomberg)
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