Indian Oil and Gas PSUs unveil ambitious investment plan of Rs 1.2 lakh crore for FY25

In a strategic move to bolster the country’s energy infrastructure, major players in India’s oil and natural gas sector, including the Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), are gearing up to invest a substantial amount of approximately Rs 1.2 lakh crore in the fiscal year 2024-25. 

This ambitious investment plan encompasses various crucial areas such as oil and gas exploration, refinery enhancements, petrochemical projects, and the expansion of pipeline networks.