Oil India Plans Investment Boost for FY25

09 Feb 2024 CW Team

Oil India Limited is gearing up for substantial investment in the financial year 2024-25, earmarking Rs 60 billion to bolster its operations and explore new opportunities. The company's focus lies particularly on its subsidiary in Gujarat International Finance Tec-City (Gift City), aligning with its strategic expansion plans and business diversification efforts.

The planned investment reflects Oil India's commitment to leveraging emerging opportunities and strengthening its presence in key sectors. By targeting its subsidiary in Gift City, the company aims to capitalise on the region's potential as a financial and business hub, facilitating synergies and growth prospects.

Furthermore, the investment signifies Oil India's confidence in the resilience and long-term prospects of the oil and gas sector, despite ongoing market dynamics and challenges. It underscores the company's proactive approach towards capitalizing on strategic opportunities and maximizing shareholder value.

The infusion into its operations and subsidiaries is expected to support Oil India's growth trajectory and enhance its competitiveness in the domestic and international markets. It underscores the company's commitment to innovation, efficiency, and sustainable development across its value chain.

Overall, Oil India's planned investment for FY25 underscores its strategic vision and commitment to driving growth and value creation. With a focus on its Gift City subsidiary and continued investment in its core business areas, the company aims to strengthen its position as a leading player in the energy sector while contributing to India's economic development.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..