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Article: United States: PSU Oil Cos. To Spend Over Rs.57,000 Cr. To Rejuvenate Indias Economic Growth.
- Article from:
- TendersInfo
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Public sector oil companies have come with a mega plan and prepared to spend Rs.57,476 crore on expanding supplies and building new transportation networks for oil and gas and to help re-fuel a sputtering economy without any burden on the exchequer, a government official is quoted to have said, report media.
The entire amount will be met through internal accruals of 13 public sector oil companies, while the contribution from the Indian government will be only Rs.25 crore, the official added.
The investments will help in boosting the economic activity, especially at a time when private investment is shrinking. Most of these ...
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