{"id":398745,"date":"2021-02-03T11:06:28","date_gmt":"2021-02-03T05:36:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398745"},"modified":"2021-02-03T11:06:28","modified_gmt":"2021-02-03T05:36:28","slug":"state-run-oil-companies-capex-to-go-up-by-6-5-in-fy22","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/state-run-oil-companies-capex-to-go-up-by-6-5-in-fy22\/","title":{"rendered":"State-run oil companies&#8217; capex to go up by 6.5% in FY22"},"content":{"rendered":"<p>Capital spending at Oil and Natural Gas Corp is targeted to drop 8% in 2021-22 from the current year while it\u2019s set to expand 9% at Indian Oil NSE 1.47 % and 26% at Hindustan Petroleum, according to the budget document.<\/p>\n<p>State-run oil companies have planned a combined capex of Rs 105,000 crore in FY22, up 6.5% from the current year\u2019s target. In the first three quarters of the current year, state oil companies have together spent Rs 58,500 crore, or 60% of their combined annual target, the pace being slow mainly due to the disruptions caused by the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital spending at Oil and Natural Gas Corp is targeted to drop 8% in 2021-22 from the current year while it\u2019s set to expand 9% at Indian Oil NSE 1.47 % and 26% at Hindustan Petroleum, according to the budget document. State-run oil companies have planned a combined capex of Rs 105,000 crore in FY22, up 6.5% from the current year\u2019s target. In the first three quarters of the current year, state oil companies have together spent Rs 58,500 crore, or 60% of their combined annual target, the pace being slow mainly due to the disruptions caused by the pandemic.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-398745","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=398745"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398745\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}