Oil India aims to spend Rs 6,000 crore in the exploration and production of oil and gas in the financial year 2024-25, Harish Madhav, the company’s director of finance, told FE in an interview.
“For the next financial year, the investment target is close to Rs 6,000 crore. Depending on the requirement, we can invest more,” Madhav said on the sidelines of the India Energy Week.
The company also sees its annual production of oil growing to 4 million tonne in FY25. Oil India’s annual production growth rate has been increasing by 4.5-5% annually in the last few years.
