Oil India to increase exploration capex to ₹10,000 cr
pre-market1 source ↓written by the desknot a recommendation
- 10%
- this fiscal year
- ₹10,000 cr
- of crude oil
- 4 million tonnes
- in FY26
- 3.45 million tonnes
- work
- $20 billion Mozambique LNG project
Oil India Ltd plans to boost its exploration and production capex by over 10% to ₹10,000 cr this fiscal year, aiming for 4 million tonnes of crude oil output, up from 3.45 million tonnes in FY26. The company has resumed work on the $20 billion Mozambique LNG project, expected to start production by late 2028 or early 2029.
Not investment advice. For informational purposes only.