Oil India to increase exploration capex to ₹10,000 cr
after close1 source ↓written by the desknot a recommendation
- this fiscal year
- 10% to ₹10,000 cr
- of crude oil
- 4 million tonnes
- in FY26
- 3.45 million tonnes
- has resumed
- $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, according to CMD Ranjit Rath. The company aims to produce 4 million tonnes of crude oil in FY27, up from 3.45 million tonnes in FY26. Additionally, work on the $20-billion Mozambique LNG project has resumed, with production expected by late 2028 or early 2029.
Not investment advice. For informational purposes only.