Ministry of petroleum and natural gas (Mopng)has highly praised Oil India Limited (OIL) for over achieving the target by 330.7 per cent.
Secretary Mopng Tarun Kapoor in a letter stated, "An internal review of the achievement of the
budgeted IEBR for FY 20- 21 revealed that as against the target of Rs 3837 crores, your achievement has been Rs 12,801 crores, which is 330.7 per cent of the target. "
The letter further added, "Excluding the investment in NRL, your achievement against the original target has been Rs 4124.47 crores, which is 106.4 per cent of the original target."
He also said, " I take this opportunity to congratulate you and your team for this excellent achievement, despite several constraints including Covid.
I hope that this momentum will be sustained in FY 21-22 as well. The CAPEX targets are higher for FY 21-22 and we have to put all efforts to exceed the targets this year as well.”
