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Ministry of Petroleum & Natural Gas

Loans/Grants Released by OIDB
RAJYA SABHA

backgrounder

For Reference & Records

 

             

Oil Industry Development Board (OIDB) an organization under the Ministry of Petroleum & Natural Gas OIDB was established on 13th January, 1975 under the Oil Industry (Development) Act, 1974 to provide financial assistance for development of Oil Industry. The functions of the Board, as defined in Section 6 of the Act, involve rendering financial assistance to the promotion of all such activities as are, in its opinion, conducive to the development of the Oil Industry. The financial assistance is extended by way of loans and grants for activities such as prospecting, refining, processing, transportation, storage, handling and marketing of mineral oil, production and marketing of oil products and production of fertilizers and chemicals. As such details regarding loans and grants disbursed/released in last three years are given below:

 

OIDB loan disbursed to Oil PSUs during the last three years

                                                                        (Rs. in Crore)

 

S.No.

Name of the Oil PSU

Financial

year

2009-10

Financial

 year

2010-11

Financial year

 2011-12

Total

1

Indian Oil Corporation Ltd.

1340.00

105.00

100.00

1545.00

2

Hindustan Petroleum Corpn. Ltd.

138.00

300.00

500.00

938.00

3

GAIL (India) Ltd.

466.00

484.00

675.00

1625.00

4

Numaligarh Refinery Ltd.

-

65.00

-

65.00

5

Bharat Petroleum Corpn. Ltd.

443.00

77.00

100.00

620.00

6

Chennai Petroleum Corpn. Ltd.

392.00

-

-

392.00

7

Mangalore Refinery and Petrochemicals Ltd.

-

-

400.00

400.00

8

Gail Gas Ltd.

-

74.41

43.59

118.00

9

Brahmaputra Cracker & Polymer Ltd.

-

283.00

44.00

327.00

 

Total

2779.00

1388.41

1862.50

6030.00

           

Grants released by OIDB to Oil PSUs for Development purposes during the last three years

                                       (Rs. in Crore)

 

S.No.

Name of Oil PSUs

2009-10

2010-11

2011-12

Total

1

ONGCL, KDMIPE, Dehradun

1.44

0.29

0.00

1.73

2

IOCL, R&D Centre, Faridabad

1.00

2.77

0.00

3.77

3

IOCL (Mkt.Divn.) Mumbai

0.00

0.00

1.02

1.02

4

Engineers India Ltd. (EIL)

0.23

2.20

0.12

2.55

 

Total

2.67

5.26

1.14

9.07

 

***

RCJ/RKS

 

 

 

 

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