ONGC today said that it "consciously" decided not to make a rival offer to Vedanta Resources billion offer to acquire a majority stake in Cairn India. ONGC Chairman and Managing Director R S Sharma told this to reporters in New Delhi.London-listed Vedanta Resources is buying 40-51 per cent stake of Cairn India. He said that ONGC management is fully conscious of its interests and responsibility and has acted in a responsible manner. Mr. Sharma said that the corporation will act on the issue keeping the interest and responsibilities of the company in mind.He said that ONGC recorded the highest ever net profit of sixteen thousand seven hundred sixty-eight crore rupees in the last fiscal. Mr. Sharma added that corporation retains its position as the highest dividend paying company in the country and the AGM approved aggregate dividend of 33 per cent share for 2009-10. The amount of dividend is arount one thousand one hundred and sixty two crore rupees. Mr. Sharma said that the corporation had made ten new discoveries of oil and gas so far in this fiscal. Giving details of the achievements of the Corporation after the AGM meeting, he said that its market captilization has crossed three trillion mark. Mr. Sharma said ONGC Videsh has projects in 15 countries. It expects to increase a crude production to 28 million metric tonnes by 2012-13 and natrual gas 72 million metric standard cubic metres per day. The ONGC Chief said that the Corporation is focussing on sustainable development and has already set up 51 mega watt wind farm unit in Gujarat and another 102 mega watt project is being set up in Rajasthan.