Oil PSUs plan to spend Rs 1 lakh crore in the next fiscal
New Delhi: State-run oilNSE 0.89 % firms plan to spend almost Rs 1 lakh crore next year, with Oil & Natural Gas Corporation’s expenditure set at one-third of the amount, as per the budget.
The planned capex of Rs 98,520 crore for FY21 is about 3.7% higher than the Rs 95,000 crore budgeted for the current fiscal, of which state oil firms have spent about two-thirds in the nine months ended December.
