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Oil PSUs to invest Rs 74,800 cr in capex in FY12

01 Mar 2011 Evaluate

State-owned oil firms like Oil and Natural Gas Corporation (ONGC) will invest over Rs 74,800 crore in capital expenditure in 2011-12 fiscal, funded from internal resources.

ONGC will invest Rs 30,040.02 crore as against Rs 29,203.80 crore in the current year. Its overseas arm ONGC Videsh (OVL) would invest another Rs 8,686.93 crore in capital expenditure. Of this, OVL plans to borrow Rs 3,448.25 crore from its parent firm. Indian Oil Corporation would invest Rs 14,500 crore, of which it would raise Rs 2,000 crore via bonds or debentures and Rs 6,200 crore more through other market borrowings.

Gas utility GAIL India would invest Rs 5,150 crore of which Rs 1,500 crore each would be raised through bonds and external commercial borrowing and another Rs 1,000 crore in bank loans. Hindustan Petroleum Corporation (HPCL) would invest Rs 4,003 crore, half of which or Rs 2,060 crore would come from bank loans and another Rs 900 crore from external commercial borrowings. Bharat Petroleum Corporation (BPCL) would invest Rs 2,865.15 crore, almost the same as current year. Mangalore Refinery and Petrochemcial (MRPL), a subsidiary of ONGC, would invest Rs 5,164 crore, of which Rs 4,000 crore would come from loans.

ONGC Share Price

284.75 -1.45 (-0.51%)
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Peers
Company Name CMP
ONGC 284.75
Oil India 473.95
Jindal Drilling&Inds 538.20
Deep Industries 495.60
Asian Energy Service 308.30
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