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INDIA'S ENERGY SHIFT: State Oil Giants Unleash ₹71,000 Crore Spending Spree - Are They On Track?

Energy

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Published on 24th November 2025, 7:51 PM

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Author

Aditi Singh | Whalesbook News Team

Overview

State-run oil and gas companies have spent ₹71,000 crore, 54% of their ₹1.32 lakh crore annual target, in the first seven months of this fiscal year. Oil and Natural Gas Corporation (ONGC) led with ₹19,267 crore, followed by Indian Oil Corporation at ₹18,415 crore. This investment fuels drilling, exploration, and enhanced oil recovery projects crucial for India's energy security. Bharat Petroleum Corporation (BPCL) showed the slowest spending pace, while Oil India was the fastest.