(ET)
Bharat Petroleum Corp has spent two-thirds of its capital expenditure target for the ongoing fiscal year in the first half itself. While the refiner-retailer was the fastest to spend the planned capex among state-run oil companies, Oil & Natural Gas Corp and its overseas arm were among the slowest.
State-run oil companies together spent ₹48,400 crore in the first six months of the current fiscal year, or 43% of their combined annual capex target of ₹111,354 crore, according to official data.
