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ONGC parks surplus cash with oil marketing firms

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  • Published On: January 22, 2010
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Oil and gas explorer ONGC's third quarter earnings were impacted due to write-off because of the dry wells and because of zero interest rates for loans to ONGC VIDESH. So, ONGC is now lending its surplus cash to oil marketing companies like HPCL and BPCL.
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