Q1 results: Indian Oil capex at Rs 85 Bn

22 Jul 2024 CW Team

Indian Oil Corporation spent about Rs 85 billion and ONGC Rs 80 billion in capital expenditure in the first quarter of this financial year, utilizing around a quarter of their annual spending budget. State-run oil companies collectively have a capex target of Rs 11,850 billion for 2024-25. They spent Rs 265 billion in the April-June quarter, which is about 22% of their annual target, according to data from the petroleum and natural gas ministry. Indian Oil Corporation and ONGC outpaced the average for state-run oil companies, with spending rates of 27% and 26% respectively.

Hindustan Petroleum Corporation, GAIL, Oil India, and Bharat Petroleum Corporation were slower spenders, with rates of 21%, 19%, 18%, and 12% respectively, thereby lowering the average for state oil firms. Refiners Indian Oil, Hindustan Petroleum, and Bharat Petroleum are investing in various projects including refinery expansions, petrochemical and biofuel plants, pipelines, depots, and natural gas distribution infrastructure.

A significant portion of Hindustan Petroleum's investment is directed towards its greenfield refinery in Barmer, which has experienced substantial cost escalations. ONGC and Oil India primarily focus their expenditures on exploration and production.

Infrastructure Urban

31 Oct 2025

CMPDI installs bio-toilets to boost sanitation and hygiene

The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited under the administrative control of the Ministry of Coal, has installed six modern bio-toilets equipped with bio-digesters and water tanks across various locations in Ranchi. The initiative was carried out under the ongoing Special Campaign 5.0, underscoring CMPDI’s commitment to cleanliness and sustainable sanitation. This effort forms part of a nationwide drive to enhance hygiene standards and improve efficiency in public offices. It aligns with the Government of India’s Swachh Bharat Mission and ..

PM Modi unveils Rs 12.19 billion projects in Kevadia

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stones for development projects worth Rs 12.19 billion in Kevadia on the eve of Sardar Vallabhbhai Patel’s 150th birth anniversary. The projects include the Birsa Munda Bhavan—an iconic centre dedicated to Bhagwan Birsa Munda—a residential complex for GSEC and SSNNL employees, the first phase of the hospitality district, and a Bonsai Garden. During the visit, the Prime Minister also flagged off a fleet of electric buses in Kevadia, an initiative aimed at providing comfortable and sustainable transport facilities for v..

New metro link to connect Delhi airport’s T1 and T3

A new metro station will be part of the upcoming Golden Line to provide direct connectivity between Delhi airport’s Terminal 1 (T1) and Terminal 3 (T3), a senior official confirmed. Among the three terminals at the Indira Gandhi International Airport, Terminals 2 and 3 are located close to each other, while Terminal 1 lies a few kilometres away. In an interview with PTI, Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar said that the new integrated station is being planned to link Aerocity with Terminal 1. “The Golden Line was earlier planned to terminate at Aerocity. We h..