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ONGC gains on fixing record date for interim dividend

The company has fixed February 08, 2017 as the record date for second interim dividend

ONGC
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The logo of Oil and Natural Gas Corp's (ONGC) is pictured along a roadside in Ahmedabad

SI Reporter Mumbai
Oil & Natural Gas Corporation (ONGC) gained 1% at Rs 201 on the BSE after the company has fixed February 08, 2017 as the record date for the purpose of payment of second interim dividend, if any.

The board of directors of ONGC will meet on January 31, 2017 to consider and approve the un-audited financial results of the company for the third quarter ended on December 31, 2016 (Q3).

The board will so declare second interim dividend, if any, for the financial year 2016-17, it added.

“We estimate ONGC's Q3FY17 net profit at Rs 5,336 crore