Disinvestment-bound BPCL slowest capital spender among oil PSUs

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All state-run oil companies have collectively spent Rs 40,000 crore in the first seven months of 2020-21, or about 40% of their combined annual target of Rs 98,522 crore.

Synopsis

Between April and October, BPCL spent just 35% of its capex target of Rs 9,000 crore for the year while Oil India spent 47% of its target of Rs 3,877 crore.

New Delhi: Bharat Petroleum Corporation (BPCL), which is seeking a new owner and has been operating without a full-time chairman and managing director for three months, has been the slowest capital spender among state-run oil companies so far this financial year. Oil India has been the fastest.Between April and October, BPCL spent just 35% of its capex target of Rs 9,000 crore for the year while Oil India spent 47% of its target of Rs 3,877

BY

ET Bureau

Dec 2, 2020, 08:05 PM IST

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