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ONGC Sets Rs 30,000 Crore FY27 Capex Target with Focus on Deepwater Exploration

ONGC FY27 Capex

NEW DELHI. Oil and Natural Gas Corporation (ONGC) has announced a robust capital expenditure plan exceeding Rs 30,000 crore for FY27 as part of its strategic commitment to boost domestic oil and gas output. Highlighting the company’s long-term growth road map, Chairman Arun Kumar Singh outlined a comprehensive deepwater exploration and investment initiative expected to mobilize nearly Rs 1 lakh crore over the coming years, reinforcing ONGC’s focus on unlocking deepwater energy potential and enhancing national energy security.

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