InvestorQ : What is the investment that major oil companies like ONGC, IOC and BPCL are planning?
ishika Banerjee made post

What is the investment that major oil companies like ONGC, IOC and BPCL are planning?

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3 months ago
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After a massive investment plan announced by the Indian government in the budget, PSU oil companies like ONGC and IOC have laid out plans to invest Rs.111,000 crore in next fiscal FY23 to supplement the massive spending programme of the government. While the outlay of ONGC and IOC be will around Rs.30,000 crore each, BPCL and HPCL will spend Rs.10,000 crore to Rs.14,000 crore between them. However, ONGC Videsh is likely to be a big drag.

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