Cabinet Okays INR 841.41-billion Samudra Manthan plan for offshore exploration
This story was originally published at 18:13 IST on 31 July 2026
Register to read our real-time news.Informist, Friday, Jul. 31, 2026
--Cabinet OKs INR 840.84 bln for Samudra Manthan scheme
NEW DELHI – The Union Cabinet Friday approved the Samudra Manthan Scheme with a total outlay of INR 840.84 billion for implementation up to the financial year 2030–31 (Apr-Mar). The national offshore exploration scheme under the Ministry of Petroleum and Natural Gas will help to strengthen India's energy security and accelerate domestic exploration and production, the government said in a release.
The scheme will help with gathering, processing, and interpretation of high-quality seismic data, accelerated deep-water and ultra-deep-water exploratory drilling, scientific drilling in frontier basins, and establishment of an integrated oil and gas manufacturing and services zone, according to the release.
The plan is expected to prompt reserve accretion of over 600 million tonnes of oil equivalent. "The scheme is also expected to stimulate significant investments across the exploration and production value chain, creating long-term opportunities for industry, innovation and economic growth," as per the release. End
Reported by Sagar Sen
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
