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Oil And Gas Sector Check - Volume Growth In Focus For ONGC, GAIL, Oil India: Motilal Oswal

ONGC targets to increase production to 50 mmtoe by FY28 from 40 mmtoe in FY23. This will be driven by 23 ongoing projects (nine infrastructure projects and 14 development projects) for a total capex of Rs 600 billion.

<div class="paragraphs"><p>An oil refinery (Source: Taylor Hunt / pexels)</p></div>
An oil refinery (Source: Taylor Hunt / pexels)
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