Union minister for petroleum and natural gas Dharmendra Pradhan has told state-run energy companies to expeditiously implement oil and gas sector projects worth Rs 5.88 lakh crore to generate employment and revive growth after the coronavirus disease (Covid-19) pandemic blows over, an oil ministry official said.
Out of the total capital expenditure of Rs 5.88 lakh crore, about Rs 1.20 lakh crore capital expenditure is expected in the current financial year, the official said, requesting anonymity.
Pradhan reviewed the progress of these projects on Monday, he said.
“These projects will create a virtuous cycle of investments and will play a crucial role in revival of the Indian economy after the Covid-19 pandemic,” said the official quoting Pradhan.
