GUWAHATI: Oil & Natural Gas Corp chairman Shashi Shanker said the state-run company would invest nearly Rs 13,000 crore in Assam over the next five years in exploration and production.
The investment that ONGCNSE 0.30 % has planned is 30% more than its budget for the previous five years, said Shanker, also the company’s managing director, who was in Guwahati on Friday.
“ONGC is part of the consortium which is working to connect all the north-eastern capitals with pipeline. Around Rs 6,000 crore is pumped in for this project,” he said.
