ONGC will invest Rs 35,049.23 crore (Rs 350.49 billion) in 2013-14 as compared to revised capital expenditure of Rs 33,577 crore (Rs 335.77 billion) in the current fiscal, according to the 2013-14 General Budget documents.
The nation's largest explorer had originally proposed to invest Rs 33,065.31 crore (Rs 330.65 billion) in 2012-13 which it during the course of the year revised it to Rs 33,577 crore (Rs 335.77 billion).
All of expenditure proposed next fiscal will be funded by ONGC from its internal resources.
State refiner Indian Oil Corporation has scaled up its capex for next fiscal to Rs 11,276.76 crore (Rs 112.76 billion) as against a spending of Rs 10,000 crore (Rs 100 billion) in current year.
Next year's spending includes Rs 9,434 crore (Rs 94.34 billion) on its core refining and marketing business and Rs 689 crore (Rs 6.89 billion) in oil and gas exploration.
The remaining Rs 1,153.76 crore (Rs 11.53 billion) would be spent on petrochemicals business. Gas utility GAIL India has planned capital expenditure of Rs 7,511.50 crore (Rs 75.11 billion) next fiscal, as against Rs 6,738.77 crore (Rs 67.38 billion) in current year.
Next year's spending includes Rs 4,376.50 (Rs 43.76 billion) in its core gas transmission and marketing business and another Rs 3,135 crore (Rs 31.35 billion)
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