PSU oil companies achieve 54% of FY26 capex target
after close1 source ↓written by the desknot a recommendation
- companies have spent
- ₹71,000 cr
- of their
- 54%
- ₹1.32 lakh cr
- the spending
- ₹19,267 cr
- of its annual
- 55%
State-run oil and gas companies have spent ₹71,000 cr, or 54% of their FY26 capex target of ₹1.32 lakh cr. Oil and Natural Gas Corporation (ONGC) led the spending with ₹19,267 cr, meeting 55% of its annual goal of ₹34,900 cr. This includes investments in drilling and exploration projects.
The varied spending pace among companies like Indian Oil Corporation (IOC), which spent ₹18,415 cr (52% of its target), indicates strategic adjustments in capital allocation for the year.
Not investment advice. For informational purposes only.