TODAY -
OIL plans Rs 12,000-crores investment in NE
Assam Tribune | Guwahati, July 2
“During the 12th Five Year Plan period (2012-17), OIL has a capex plan of over Rs 19,000 crore. Out of this, Rs 12,000 crore, which is more than 63 per cent, is for operations in the North East region,” OIL chairman and managing director SK Srivastava said here today.
He added, “In the current year (2013-14), we have a capex plan of Rs 3,581 crore out of which Rs 1,982 is earmarked for the Northeastern assets. So the major chunk of expenditure is kept for exploration and development activities in the North East.”
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* This Post is uploaded on July 03, 2013
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