Staff strike will hit ONGC margins, says its chairmanMarch 26th, 2009 - 6:00 pm ICT by IANS
New Delhi, March 26 (IANS) Government-run oil producer Oil and Natural Gas Corp Thursday conceded that this quarter’s production may drop on account of the recent employees’ strike.
Speaking to reporters on the sidelines of an industry conference, ONGC chairman R.S. Sharma said production in the quarter ending March was under pressure due to the strike.
“But we are balanced well,” Sharma said on a query on the impact on the company’s profits.