Companies in Rajasthan’s petroleum industry have made fresh or new investments totaling Rs 6,200 crore, according to a top state official.
“Four firms are together investing more than Rs 22,838 crore over the course of several phases. Work on more than Rs 6,200 crore of this has already begun, according to Subodh Agarwal, Additional Chief Secretary for Mines and Petroleum in Rajasthan.
Four firms in the petroleum industry, according to Agarwal, inked investment contracts at “Invest Rajasthan.”
Cairn Vedanta, Oil India, Oil and Natural Gas Corporation, and Focus Energy all signed proposals totaling Rs 20,000 crore, Rs 663 crore, Rs 1,050 crore, and Rs 1,125 crore, respectively.
Cairn Vedanta has started exploration and other development works in the PML and PEL blocks in Barmer and Jalore districts.
Work on around Rs 5,671 crore has been done.
