Bharat Petroleum Corporation Limited (BPCL) plans to increase its capital spending by 42% to ₹18,500 crore for the financial year 2025-26.
The significant investment will primarily focus on expanding refining and petrochemical capacity. A key part of this expansion includes the development of a new refinery in Andhra Pradesh.
ONGC and Indian Oil Maintain Spending Levels
Unlike BPCL, Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL) have decided to maintain their capital expenditure at current levels. These companies are not planning any major increases in their investments for the next fiscal year.
GAIL to Reduce Petrochemical Investments
In contrast, GAIL has chosen to cut its capital expenditure by 16%, with the reduction primarily affecting its petrochemical investments.
The decision marks a shift in the company’s financial strategy for the upcoming year.
Overall Decline in Petrochemical Investments
As a result of these changes, total petrochemical investments by state-run oil companies will see a slight decline. As reported by newsminimalist.com, spending in this sector will drop from ₹11,400 crore this year to ₹10,600 crore next year.
