(ET)
State-run Bharat Petroleum Corporation Ltd (BPCL), which is set to be privatised, has resumed work on 2,118 projects worth an estimated investment of Rs 50,300 crore, the company said in a statement on Wednesday, a day after oil minister Dharmendra Pradhan reviewed projects of state-run oil and gas companies.
The company has set a capex (capital expenditure) target of Rs 9,597 crore in 2020-21 and has spent Rs 1,650 crore till August 15, Rs 380 crore payout as labour cost. Nearly 8 crore man-days of direct and indirect employment are expected to be generated until the completion of these projects. Some 1.6 crore man-days of employment are targeted in 2020-21 itself. More than 35 lakh man-days have already been generated through capital expenditure in the execution of these projects.
BPCL has also planned an employment-oriented opex (operational expenditure) of Rs 6,900 crore during the fiscal, out of which Rs 2,100 crore has been spent. The proposed opex has the potential of generating 2.7 crore man-days of direct and indirect employment. Direct and indirect employment of 97.8 lakh man-days have been generated through opex so far, the company said.
