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The Hindu
The Hindu
National
The Hindu Bureau

ONGC pays ₹2,000 crore in royalty, tax to Andhra Pradesh for operations on Krishna-Godavari basin

ONGC

RAJAMAHENDRAVARAM

Oil and Natural Gas Corporation (ONGC) executive director (Rajahmundry Asset) Amit Narayan on Tuesday said the corporation paid ₹2,000 crore as royalty and tax to the Andhra Pradesh government over the past five years. In 2023-24 alone, it paid ₹305.62 crore, including ₹133.34 crore in royalty, to the State government.

The public sector unit produced 337 million standard cubic metres of gas and 0.103 MMT of oil from the Krishna-Godavari (KG) basin in the current fiscal year.

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