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State-run oil and gas companies set to invest Rs 1.62 trillion in FY21

Wednesday, 26 Aug 2020
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The state-run oil and gas firms are set to invest Rs 1.62 trillion in FY21, including capital expenditure (capex) and operational expenditure (opex). This will help in generating employment for 240 million man-days.

At present, the sector is seeing work on 8,363 projects with an anticipated cost of Rs 5.88 trillion.

The major 25 ongoing projects have an anticipated cost of Rs 1.67 trillion and incurred Rs 7,861 crore of capex, leading to generation of 7.65 million man-days so far.

Of the total anticipated cost of such projects, close to Rs 1.2 trillion is targeted to be incurred as capex through FY20-FY22. In FY21; Rs 26,576 crore of capex had already been incurred till 15 August 2020. An amount of Rs 3,258 crore was paid on account of labour during this period.

 
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