NEW DELHI: State-run Bharat Petroleum Corporation Ltd (BPCL), which is set to be privatised, has resumed work on 2,118 projects worth an estimated investment of Rs 50,300 crore, the company said in a statement on Wednesday, a day after oil minister Dharmendra Pradhan reviewed projects of state-run oil and gas companies.
The company has set a capex (capital expenditure) target of Rs 9,597 crore in 2020-21 and has spent Rs 1,650 crore till August 15, Rs 380 crore payout as labour cost.
Nearly 8 crore man-days of direct and indirect employment are expected to be generated until the completion of these projects. Some 1.6 crore man-days of employment are targeted in 2020-21 itself. More than 35 lakh man-days have already been generated through capital expenditure in the execution of these projects.
