Centre drops plan to infuse Rs 15,000-crore equity in OMCs

The government has dropped the Rs 15,000 crore infusion plan for profitable Indian Oil, Bharat Petroleum, and Hindustan Petroleum, reporting Rs 80,986 crore in 2023-24 from Rs 1,138 crore prior. Allocating Rs 332 crore for petroleum research and Rs 388 crore for the continental shelf. Self-sufficient companies borrow at competitive rates. BPCL, HPCL shares fell, Sensex marginally up.