ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh cr in FY25
Sun, Feb 4, 2024 5:22 PM

ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh cr in FY25

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ONGC, IOC and other state-owned oil companies plan to invest 1.2 tn rupees in the upcoming fiscal year for oil and gas exploration, refining, petrochemicals, and pipeline expansion. This is a 5% increase from previous fiscal year, with ONGC having the highest planned capex of 30,800 cr rupees. The government's equity infusion in downstream oil companies has been postponed to the next fiscal year.

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