Oil India Allocates ₹15,000 Crore for Deepwater Exploration

Oil India Ltd outlined a capital expenditure of ₹15,000 crore for deepwater and ultradeep-water exploration over the next three years.

CMD Ranjit Rath stated that the company anticipates no major technological or infrastructural challenges in pursuing offshore exploration.

The Numaligarh refinery expansion is expected to finish by the end of the fiscal year, with stabilisation requiring another nine to twelve months.