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Oil PSUs achieve 84% of capex target in first 9 months of FY24

ONGC has spent 24,500 crore, or about 80% of its annual target. ONGC s overseas arm ONGC Videsh has spent 2,400 crore, three-fourths of the annual budget. HPCL has spent 9,500 crore, nearly exhausting its annual budget of 10,000 crore as the greenfield refinery being built in Barmer, Rajasthan absorbs a lot of capital. ....

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