Business · 23 Oct
Govt to support deepwater oil exploration under Rs 84,084 crore scheme
AI summaryThe Government of India will spend Rs 43,200 crore to support drilling 60 wells under the Rs 84,084 crore Samudra Manthan scheme, running until FY 2030-31. The scheme provides financial support of up to 50% of eligible drilling costs, subject to a ceiling of Rs 675 crore per well, to reduce financial risk for companies exploring offshore areas.
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