ONGC plans ₹12,000 crore exploration capex for FY26-27
pre-market1 source ↓written by the desknot a recommendation
- from ₹10
- 20% increase
- planned across India’s
- 100 exploratory wells
State-run oil and gas giant ONGC aims for annual exploration capex of ₹12,000 crore for FY26-27, a 20% increase from ₹10,000 crore in FY26. The funds will focus on deepwater exploration, with over 100 exploratory wells planned across India’s coasts, enhancing energy security amid geopolitical tensions.
Not investment advice. For informational purposes only.