Parliament panel questions oil & gas capex vs production gap
Parliament panel questions oil & gas sector’s rising capex without corresponding production gains. The panel highlighted concerns over ₹50,000 crore+ spending in recent years, yet output remains stagnant. Focus shifts to efficiency and project execution by PSUs like ONGC and IOCL. Investors await clarity on future investment rationale.
📊 STOCKS: | 🏢 SECTOR: Energy | #MEDIUMIMPACT #capex
This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.